3Com Corporation (COMS) Message Board

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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: Thomas George Warner who wrote (11917)	12/10/1997 4:41:00 PM
From: ben luong	Read Replies (1) of 45548

>>why would managment want to make decisions that would hurt the price >>of their stock? It's not that they made the wrong decision. They mislead investors by giving false information about the current business condition of 3COM so they can sell their shares obtained from stock option plan before the truth came out and the stock tumbled. It is this intention of misleading the public for personal gains that the lawyers are going after. >>officers and directors own 5.2% of the stock Oh, really? Where did you obtain this outdated info? Ask Casey Cownwell how many shares he still owned right now. Even if insider owns 5.2% of outstanding, that's nothing. The CEO alone of Computer Associates still owned over 5% of his company's stock. >>Any fast gun lawyer can file a lawsuit in the HOPES of a quick out of court settlement. Few win. This one will not IMO. I will make a bet with you 3COM will lose. The weight of evidence is going against 3COM. Just check out yahoo news about how 3COM claimed the merger had been smooth when in fact it is not. That news release is enough to make the case, not even mentioning about how they manipulated the numbers in their 10Q.

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