3Com Misses the Rally as Shares Fall Sharply After Warning

Author:: Ilan Tsapovski
Publish date:: Dec 5, 2000 3:22 PM EST

Investors in

3Com

(COMS)

haven't been able to join the festivities of today's market rally, as the company's shares were recently trading down $3.56, or 26.6%, to $9.81 in

Nasdaq

activity.

Monday, the company lowered its

second-quarter estimates , saying that revenue for the period would be about $785 million to $800 million, while the expected pro forma loss of 19 cents to 23 cents a share would be wider than the previously targeted loss of 7 cents to 9 cents a share.