3Com May Not See Profitability Before 2007 and Broadwing Corporation Releases Results.

0 Comments | M2 Presswire, April, 2005

M2 PRESSWIRE-12 April 2005-US Financial Network: 3Com May Not See Profitability Before 2007 and Broadwing Corporation Releases Results(C)1994-2005 M2 COMMUNICATIONS LTD RDATE:12042005 City of Industry, CA - Computer network industry news provided by Financial News USA (OTC: FNWU). Standard & Poor's Equity Research downgraded 3Com (Nasdaq: COMS) to "strong sell" from "hold" and lowered the target price on the belief that a newly instituted leasing program by Cisco Systems (Nasdaq: CSCO) for small and medium-sized businesses "will impinge on 3Com's core target market." S&P Equity Research said that "with operating expense as a percentage of sales at over 60, we think that 3Com needs to do a better job of resizing its cost structure." The research firm said that "in...