3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-23.5%

Nov 7 11:47 AM EST

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To: mr.mark who wrote (32597)	7/24/1999 3:41:00 PM
From: Mehrdad Arya	Read Replies (2) of 45548

On Friday I spoke with a lady in Investor Relations, her comments were not very conducive and as a matter of fact were negative; she did very little to give me incentive to buy COMS' stock. I personally think that the company is deliberately being indifferent about their image hoping we all panic and sell, so that they can buy their 15 Million shares at a discount. The average price paid last quarter was roughly $23.625 and I surmise they are hoping that they could buy into their own shares (this quarter) at the same price. The Directors are smart, they sell their own shares at a premium and down play the prospects of the company and buy back into it at a discount. It is fraud, but the key is proving it. Without help from within it is going to be an exercise in futility in proving this allegation. Hence, only a nuisance in litigation. BTW - This is common practice in a lot of companies, but good luck in proving it.

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