COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00130

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Nov 7 11:47 AM EST

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To: Jeffery E. Forrest who wrote (10241)	12/5/1997 1:49:00 PM
From: Dwight E. Karlsen	Read Replies (2) of 22053

I was wondering when someone would comment on that. To put it simply, I've lost faith in 3Com management. There's been all manner of shenanigans going on behind the scenes, such as touting the benefits of the merger, when in fact they knew the channel was stuffed to the hilt, and that the sales accounting of USR didn't jive with how 3Com did it. The insiders dumped even as they knew changes were coming which would decimate earnings, yet we never heard a peep about all the problems and the required painful solutions until the insiders had finished dumping. Why were these problems not taken care of in the qtr ending 8-31-97?? At that time we were led to believe that this was it, that the quarter-billion dollar "one time" write-off would take care of everything. That obviously was far from the case. The earnings have gone from barely meeting down-revised estimates to totally missing the boat. Is there any reason to believe the situation will change anytime soon? On top of all this, stock is priced right now already for the very rosiest senario for next year, IMO. DK

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