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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

0.0%

Nov 7 11:47 AM EST

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To: Sabrejet who wrote (11226)	12/2/1997 10:41:00 PM
From: Pullin-GS	Read Replies (2) of 45548

>$30 price or is that just a guess??? I'd call it nothing more than a prayer if anything. ;-) >Most of you "fear mongers" are the one's who love to jump on You have it backwards....the first wave of "fear mongers" jumped off back when COMS broke support of $50 (about 45% off highs). Now you have the second wave of "fear mongers" who just started packing their bags at 4:15 today. Price is only down 4 so far. There is plenty of room for more carnage.<G> >this is a solid company making an excellent business decision. Actually COMS is a company being hit hard by the compitition and COMS'es own extreme measures that the market has imposed it. Forcing price cuts to the point where no margins exist anymore in the newly-created commodity market of the low-end network components/devices, that once demanded much higher margins when the "commodities" where considered bleeding-edge. 3com can call it what they will in their latest warning, but this situation is clearly the result of cut-throat compitition. 2 years ago or so, 3com was the defacto standard in quality NIC products, hubs, and to some degree branch routers. Now 3com competes with dozens of cheap products in the above mentioned areas. Intel has come on board and thrown it's big gorrilla weight around as well. This all spells disaster (relative to past exponential growth). Gone are the days of high-double digit growth. Now you should be greatful for profitable quarters at all. And along with this back-to-earth profitability comes valuations that are representative of a fair share value...read share price tankage. >this is a game... No game here...this is serious stuff...welcome back to the real world. Regards, Paul Blakeslee

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