3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00170

-19.0%

Dec 26 9:30 AM EST

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To: Earthdog who wrote (32100)	6/24/1999 4:54:00 AM
From: PaperChase	Read Replies (1) of 45548

>>This is great for 3Com because they know that the weaker hands will fold sending the price of the shares down and as it goes down they buy it up at a cheaper price. << That is illegal. Your leap of logic to consider subversive motivations for 3COM to create a sell off of their stock is bizarre. If you actually believe that a billion dollar company would stoop this low, then you are investing in the wrong company. The goal for companies like 3COM is to get their share price as high as possible so that 1) they can acquire other companies cheaply using their stock and 2) not have to use working capital to repurchase stock. As for other conspiracy theories here such as 3COM being a takeover target...well just forget those to. Why would 3COM management want to be the acquisition target when they are big enough to be the acquirer? (See #1 above.) Sadly, you have invested in a company that has lost its innovation. The key to recovery is for them to be leaders and not followers in every product line, not just in the Palm Pilot.

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