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: Jeffrey Boggis who wrote (10570)	11/20/1997 1:47:00 PM
From: Andrew	Read Replies (2) of 45548

All analysts who could downgrade COMS have downgraded it and all who could lower estimates have done it. Some estimates have been lowered significantly. Montgomery cut 98 view on 3COM to $1.44/shr from $2.40/shr. Even Nationsbanc which I had never heard of in the past (I guess it is the old Wheat First) has cut 2Q views on 3COM today. All these mean that the shortsellers are now covering their positions. With these kind of downgrades where else can the stock go but UP??? Andrew

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