Sawtooth, great point. It's difficult, imho, to read this thread because of its nature. Anybody who defends 3Com can't admit the truth. 3Com is a dead company. Analysts, the competition, the stock price, the earnings disappointments, the management all prove 1 point: 3Com is a losing stock holding. People are selling 3Com due to their knowledge of management's incompetency. That's the bottom line. We're not dealing with Chamber/Welch/Gates like quality. People who have held 3Com stock the past few years have lost a lot of money in opportunity cost.
To listen to their belief that, now, 3Com's mgmt will suddenly change & deliver results is pointless.
A successful investor knows that Palm is a winning bet, and 3Com mgmt is a losing bet. Between now & 6 months, mgmt will figure out a way to disappoint current shareholders. I'm long 3Com, but know that smart money is selling, not buying.
The sad part is that we have to listen to people still defend 3Com's future sans Palm. |
