3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

+1,200.1%

Nov 7 11:47 AM EST

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To: Bux who wrote (36621)	11/29/1999 11:13:00 AM
From: The Phoenix	Read Replies (3) of 45548

Bux, To be clear, COMS hasn't done anything yet. What you're seeing here is demand for a security as a speculative play... the PALM IPO, etc. Mehrdad has indeed said this stock would go north... and I dont' think Captain nor I ever argued that COMS was not a good value play. What we did both argue is that the underlying COMS businesses - sans PALM has not shown any growth or history of success. This is still the case - notwithstanding the performance of the security. I discussed this briefly with a number of very good technicians that are respected in the industry. We all agree that in the short term a stock and the underlying company may go in different directions but that over time they will normalize. So, given the stock performance of late either the company will rise and begin to perform to match the stock price or the valuation will return to the 30's or lower if the company performs as before. Point is... nothing has changed except for the announcement of a PALM IPO - which is now getting closer and investor sentiment. Mehrdad's predictions of a great underlying company have yet to be born out... it may happen... but we still don't know. Good Day, OG

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