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Technology Stocks : 3Com Corporation (COMS)
COMS 0.001600.0%Nov 26 9:30 AM EST

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To: joe who wrote (16692)6/3/1998 11:58:00 AM
From: Igor  Read Replies (4) of 45548
 
I think the move on 3com stock could be attributed to the following factor(s):
- 3com passing IT-21 certification from U.S. Navy for multi-billion $ contract
- CIENA & TLAB merger: Industry consolidation has began
- CNBC/Faber mentioning 3com as buyout candidate (rephrasing)
- 3com buyout rumors
- Perception that the bottom was reached
- Shorts panicing
- Tech recovery
We all know 3com sell was overdone. This may be enough force to trigger price recovery. With 3com not warning to date, time is running against shorts.
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