3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.0001000

0.0%

Jan 23 9:30 AM EST

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To: bgg who wrote (31927)	6/22/1999 6:26:00 PM
From: The Phoenix	Read Replies (1) of 45548

I've been lurking here and can't help but note the negative sentiment. COMS has been beaten down pretty bad.. .OK, they're not in the low-20's anymore, but this pup isn't even trading at 2 times revenues. CSCO (which I love) is trading at 19 times while LU is trading at 6 times. Even the trailing PE for LU is up to the mid-80's! COMS's PE is a paltry 30...well below the average for the NAZ. I guess what I'm trying to say...not well...is that although COMS didn't have a stellar quarter or cc shouldn't affect the stock price all that much. The valuation at 31 is quite reasonable and one could say that they now represent a great opportunity for a turn around or a takeover. Sure, there may be some softness tomorrow as the weaker hands turn over but this pup is at or near bottom.... Everything I've read is that that is when you buy...not sell. At 2 times revenues and a PE below the overall market this pup is not going lower...only higher. The earnings were in-line and that's a lot better than a number of companies with higher PE's (dare I mention the internets). We can all "shit" on this stock all day long but in the end COMS as 30 is still a buy. JMO. OG

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