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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 (10535)11/20/1997 1:08:00 AM
From: Glen McGlaughlin  Read Replies (1) of 45548
 
GLENN,thks for getting some intelligent data in front of the naysayers out there. The reality is that even at $40 COMS is undervalued compared to industry p/e norms.I'm not an accountant but I do know enough about business that no company will take a writedown on excess inventory unless they believe that the product will not sell,even at a discounted price.In this case the product will all clear,albeit at a reduced price,hence the slightly lower future earnings estimates.This company will still produce a 30%+ earnings growth 99/98 which bodes well for substantial capital gain if your long at $33+.
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