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Technology Stocks : 3Com Corporation (COMS)
COMS 0.00130-18.8%Nov 7 11:47 AM EST

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To: The Phoenix who wrote (39047)2/9/2000 10:48:00 AM
From: Andre Williamson  Read Replies (2) of 45548
 
Gary

Does CSCO really have $15 billion in cash? That doesn't look right to me. Yahoo alternately suggests

$4 billion (along with this quarter that would make it $5 billion) or

$0.53/share * 3.4b shares = $1.8 billion (+$1 billion for $2.8 billion).

Either way, that's miles from that $15 billion cash figure. Which is a pretty fundamental difference. Is there more I'm not aware of?

CSCO's valuation gain just for today is $24 BILLION, which is 20% higher than all of COMS. And take out COMS's cash and investments (I don't know how much CSCO has in investments, it'd be nice to know), and CSCO has increased its market cap this morning by 1.5 TIMES COMS.

To me, no matter how beautiful CSCO is, this is tulip mania. I just hope it holds long enough for us to get a similar story for PALM. I'm thinking it will.

Andre
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