3Com Corporation (COMS) Message Board

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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: Mehrdad Arya who wrote (41648)	3/11/2000 12:44:00 PM
From: cordob	Read Replies (1) of 45548

Mehrdad, I agree with your valuation reasoning. All this talk about COMS being worthless w/o PALM makes me sick. This company makes good products, is working hard to get around to the new technologies where they have the advantage of a working international distribution channel etc. Look at the valuation (simpler) this way, at $ 1.26 earnings for this year and a p/e of 30 you get $ 47. (the av. s&p500 p/e is now about 36) This p/e does not really take into account the large amount of COMS cash, which will do two things: a) increase profits thru decreased interest payments and b) give to opportunity to buy technology when it is available to get a jumpstart into new areas. Buying it for cash I mean, not stock. The PALM worries me a lot more. Technology is nice but there is going to be a hell of a competition. Personally I have had a Nokia communicator (cell phone/computer) for about a year and it is a great device where everything is in one box. Nokia sold about 80 million phones last year so they definitely have the mass production knowhow (how many of these are the advanced type I do not know, only a small % I would think). But the ïsmartïphones are coming in droves and thatïs where the competition will be. I would sell PALM as soon as I get them (now at a p/e of 700 to 800 very vulnerable) and keep the COMS ïcoreïshares. (or maybe I will try to short partly PALM to lock in some sure profits) Always like to read your posts Cor

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