3Com Corporation (COMS) Message Board

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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)	8/5/2000 11:27:02 AM
From: David E. Taylor	Read Replies (1) of 45548

Glenn: I lightened up on both COMS and COMS options with COMS between $17.625 and $18 yesterday. Still have a chunk of both, but trying to stick to the game plan. PALM bottom fishing? IMO you just need to get on board. PALM will never see the $20's again unless they have a serious stumble. Forget the chart from IPO through final spin off, too many factors involved to get a read on the future just from the past action. PALM's future is wide open and theirs for the grabbing. With its revenue growth rate and a QCOM type multiple of around 15xrevs, PALM could easily be $55 right now, and $100+ inside a year. It's a rare opportunity to grab a piece of what I predict will be "must own" Fortune 100 company a few years from now, at the bargain IPO price of around $38. I've tucked my tidied up little pile of PALM away under the mattress, and with a cost basis under $30 (zero if I back out the COMSV and option profits) I'm not going to worry about it until several 2:1 stock splits from now.... All JMO of course, and of course my crystal ball is no better than anyone else's. David T.

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