William,
As we're learning, Briefing.com always has a negative slant
to what they write. The 'glass is always half-empty'
when it comes to COMS.
What do they expect? The stock is in the midst of a turnaround
move. It shouldn't be treated as a success story which is
evidence by it's stock price, even at $32.
The earnings report was not a great one for a fully stable
company, but for the beginnings of a turnaround, it made
some eye-catching improvements, but of course it still has
lots of work to do, and has to prove itself for another
few quarters.
Why doesn't Briefing.com ever mention what they've
improved on? They could be missing the boat as far as
a good turnaround story for investor's to at least
keep an eye on.
The problem also is that most ANALysts seem to have Briefing.com's
attitude ( I hope not ). But, they want a complete turnaround
now...and they still wouldn't trust it for at least a
few more quarters.
>>Takeover talk has died down a lot, as a
couple of weeks have passed without a deal...<<
I think this is still a major theme. It will be on and off
during the summer, and probably getting more hype as
we get closer to the Fall and the Telco's come up with
more definite plans as to their future direction.
>>I think 3Com needs to do more to convince the street other than just saying "new products are the key to the growth".<<
True, but the street's attitude seems to me to be: "show
me strong earnings for at least 2 quarters, with orders
overflowing to the brim". Any sign of trouble and the
'street' is merciless. We just have to factor all this
into our forecasting attempts....we need to be more conservative
I guess, after we missed the call (wee too optimistic)
with the post "window dressing" period. [Also, IMO,
that 31 1/2 - 32 range has pretty strong resistance.]
Let's see what happens this week. It may give all the
3Com 'vultures' a chance to give some support to stock
at a lower level.
|
