The networking industry has been a raging bull on Wall Street, but several of the bellwether companies have reported disappointing earnings of late. Bay Networks said last week that it would miss its earnings for the quarter; Cabletron yesterday posted a $6.3 million quarterly loss; and 3Com today posted quarterly results that were below the Street's expectations. In addition, two firms recently have been laying off some employees. Can the stocks weather the storm?
3Com earnings disappoint
The company posts net profits down from for the same quarter a year ago but says inventory problems are under control.
Cabletron lays off 180 employees
Cabletron posts $6.3 million loss
Bay to miss numbers for quarter
Post-merger 3Com to lay off 800