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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00170

-19.0%

Dec 26 9:30 AM EST

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To: glennperkins who wrote (44327)	8/4/2000 8:20:55 PM
From: mr.mark	Read Replies (1) of 45548

August 4, 2000 Technology Shares Advance; 3Com Makes Case for Itself By DANIELLE SESSA WSJ.COM "One of the week's most active stocks has been 3Com. The networking company has climbed over 30% this week as the company hit the road to talk to investors about the outlook for the company."... ..."The stock had been in the penalty box for quite a while and like other stocks that get in the penalty box, if you look at them, the negative reaction to the stock had been overdone," said Paul Sagawa, an analyst with Stanford C. Bernstein & Co."... ... "In a sense, 3Com has rebooted. Even though it reported a large loss for its fiscal fourth quarter ended June 2, it said growth would resume in the coming months."... ... "My guidance is that it's the kind of stock you may have to wait for," said Mr. Sagawa, who estimates the stock is worth $30. " sagawa did go on to say that until the company begins to make a profit, it's possible that it may stall. :) mark

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