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Technology Stocks : 3Com Corporation (COMS)
COMS 0.00130-58.1%Nov 14 9:30 AM EST
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To: mr.mark who wrote (14343)3/8/1998 2:35:00 AM
From: Mang Cheng  Read Replies (1) of 45548
 
mr. mark, I think thestreet,com blew it this time because :

1. It jumps into an overtly bearish interpretation of the accounting readjustment too soon. While the consensus seems to hold a neutral interpretation. Like the following from the WSJ :

"Analysts said the changes were purely historical, and didn't reflect the company's current business or future prospects. 3Com is set to report its third-quarter earnings later this month."

2. This is what I, a small investor, posted right after the readjustment news but before the WSJ piece (post #14285) :

"Coms's readjustments of balance sheet should be just slightly negative. It does not affect current operations at all. The upgrades these few days are based on FUTURE and current strong product cycles and the 56K standards."

3. The point I am trying to make is that if the information given out is public and accessible to everybody at the same time, small investors like us can interpret the news as well as, if not better than, any anaLysts. Only when the news are inequitably distributed then we small investors are obviously at a distinct disadvantage.

4. I've to admit thestreet.com is more often right then wrong. They always go to those close-door analyst meetings and come back and tell us a little bit of what's being said. But they all had been really sneaky last November when they went to the close-door meeting with coms and heard everything about the inventory problems. They came out and didn't say nothing. Instead they all went out and had a short-coms orgy !! - Then they started lowering coms estimates and told us poor-suckers how much they hate coms on CNBC !

Mang
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