3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

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Nov 26 9:30 AM EST

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To: craig crawford who wrote (11717)	12/6/1997 1:48:00 AM
From: Wayne Lian	Read Replies (1) of 45548

Craig, do you think the class action lawsuit has a chance? Here are the facts as I am aware of: 1. USR stopped shipping modems in the two months ended in May. This resulted in a substantial loss of revenue and earnings. 2. Coms reported this six months later in November in the SEC filing. 3. It reported in a footnote. They did nothing to notify the public. 4. In the interim between May and Nov., insiders sold heavyly. If there are no other counter evidence, I would say COMS is quilty of misleading the public, making illegal insider trades. But guess who will be paying the damages? Not those responsible. It will come from the shareholders.

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