3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-23.5%

Nov 7 11:47 AM EST

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To: Eric who wrote (9767)	11/7/1997 1:11:00 PM
From: dougjn	Read Replies (2) of 45548

Well I wasn't patient. Sold part of my position at 47, other part at 44 and last bit at 41.75 yesterday on the bounce in the midst of the sharp downdraft. The leaking news from the analyst meeting was enough for me. Avg. in price 46. So did take some damage. I think there is a good chance this will see the very low 30s, maybe even the high 20s, depending on market sentiment at the time their miss comes out. The thing is, it is not a one quarter (albeit once again) problem. Modem sales will NEVER be great again. xDSL a ways off and not clear its gonna be lead by USRX. I can promise you that the above premesis re future modem sales is not yet in the stock, only this quarters problems. Doug

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