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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: Glenn D. Rudolph who wrote (9522)11/1/1997 12:49:00 PM
From: dougjn  Read Replies (1) of 45548
 
Yeah, thats a bit below consensus for this year, on it pretty much for next. I think the consensus will move down to that for this year, or even go below. Could create more weakness for a while.

But even if Coms is flat this year from May 97, with prospects intact for May 99, it's a steal at these prices. hard to know whether May 98 will come down like that, or get revised up.

Longer term, Coms is in a great market. While consumer/business demand for high end pcs may be slackening, it hardly is for Lan/Wan bandwidth. Which is what coms sells. All the trends are for increased network spending, whichever way the pc market goes....

Regards, Doug
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