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: adam hefian who wrote (7692)	9/4/1997 12:22:00 AM
From: Thomas George Warner	of 45548

To make a statement that the brokerage houses are manipulating the stock is akind to saying that rearranging the deck chairs would have prevented the titanic from sinking. If you know anything about the process you would know that multiple brokerage houses would have to be involved and that would clearly be impossible. My god first everyone complains that no two analysts agree ie; we can't even get two analysts to agree on what direction the stock is going today, or what growth rate or earnings that it will experience next week. Now we complain the stock is being manipulated. IT seems that every few minutes some one posts on this thread that the earnings forecast has changed from a broker. I believe that COMs is overvalued at the present time when you consider its projected growth rate and earnings and I have said it many times before. Evaluating a stock is a very complex business and especially difficult for the tech stocks that are in a constant state of flux. I would not be surprised to see COMS go into the low 40's or high 30's in the next 2-3 weeks. Why, because its earnings are suspect in an already volatile market. Its earnings R2 is .28 while CSCO's is .98, and in this market the perception of management control of earnings is everything. I believe that the market now recognizes that CSCO is the clear leader in the Networking sector and that COMS has problems. I will start accumulation of COMS at anything below 40. Maybe the market sees another potential bay networks. Look at todays market, COMs -1 9/16 volume 9,899,500; CSCO +9/16 volume 5,942,900. The institutions and mutual funds are still unloading COMS and accumulating CSCO

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