good find, dd. here's an excerpt from thestreet.com ...
Community : TV Transcripts
Feb. 12, 13: Guest Christopher Baggini
By TSC Staff
2/14/00 11:09 AM ET
Participants on Feb. 12 included host Brenda
Buttner, Jim Cramer, Herb Greenberg, Adam
Lashinsky, Gary B. Smith, Dagen McDowell, Joe
Bousquin, Jonathan Hoenig and guest Christopher
Baggini. The transcript is unedited
"LASHINSKY: Gosh, it's fun going first. We're going
to talk about 3Com because a lot of people want to
know how to play 3Com in light of the Palm IPO
that's coming up. So lately, 3Com has been moving
up.
That's really been a function of the Cisco effect.
Cisco reported another great quarter. The
networking industry moves up.
But it's no secret that the real juice to 3Com's stock
lately has been the upcoming IPO of Palm. Palm
already in a year's time has added $8 billion of value
to 3Com.
So what you should look for before the IPO and
then after it when 3Com distributes those shares of
Palm to 3Com shareholders is for the stock to move
up more. If the underwriters were to raise the price
just $10, it could mean $16 a share to 3Com
shareholders.
BUTTNER: Gary, well, the fundamentals do say
that this stock should go up. Is the chart pretty
clear, too?
SMITH: Yeah, Adam stole my notes, I think.
BUTTNER: That's OK. When you both agree, that's
good.
SMITH: Yeah, on this one, this is a little kind of a
charting lesson if you will. A lot of times when
stocks move sideways after a big run-up, that
usually marks the halfway point of the move.
So in this case, 3Com moved up since July about
25 points or so. It then moved sideways. It broke
out about 50 or so, which would seem to be that the
stock is going to go to 65, 75, 85 even.
So if you put the numbers together, you start to
say, "Hey, wait a second." If Adam is saying
another 16 points and I'm saying in the 75 range to
be conservative, it matches up almost precisely.
I'm not saying this is a great buy-and-hold stock.
But from what Adam is saying and what my chart is
saying, this could be a nice trade.
BUTTNER: And Gary, by when? When do you think
that 75?
SMITH: Adam, when is the IPO supposed to come
out?
LASHINSKY: In the next several weeks.
SMITH: Yeah, so I would say 75 then probably
within the next month.
BUTTNER: So definitely a trade, not necessarily an
investment.
LASHINSKY: It can keep going up after that, and
likely will in the aftermarket.
BUTTNER: OK, Adam...
SMITH: I cannot guarantee anything after $75."
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