3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00150

-28.6%

Dec 11 9:30 AM EST

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To: John F. Dowd who wrote (35529)	10/15/1999 9:27:00 AM
From: Mehrdad Arya	Read Replies (1) of 45548

Dreyfus picks COMS a top ten value! Another tech favorite: 3Com (NASDAQ:COMS - news) . 'The company is breaking itself up,' he notes. Its first step: Taking public its Palm hand-held computer business. This business alone is worth $15 per share, Higgins figures. The company has another $5-6 per share in net cash. So, we're already at roughly $20 per share. The stock closed Thursday at $30.31. This means its networking and modem businesses combined are being valued at roughly $10 per share. Meanwhile the company has a great balance sheet and is an aggressive buyer of its own shares. Higgins figures the entire company is worth closer to $50 a pop.

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