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: Dwight E. Karlsen who wrote (12079)	12/11/1997 3:26:00 AM
From: craig crawford	Read Replies (1) of 45548

<< David, please spare us. COMS has been putting out at least 5 press releases a day, most of it pretty mundane stuff. >> I agree. There are around 90 days in a quarter. The stock market is open about 65-66 days during a quarter. If COMS needs to do $1.5 billion a quarter that means they need to do about $22-23 million for every day the stock market is open. Now obviously COMS sells a lot of stuff for $50 here or $100 there. Still most of these press releases aren't $10-20 million deals. In other words I consider many of these routine. Companies like COMS and ASND and C$CO have dozens of these projects going on all the time. It's obvious that COMS has resorted to releasing all they can to support their stock price.

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