3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00170

-19.0%

Dec 26 9:30 AM EST

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To: joe who wrote (21172)	9/2/1998 4:25:00 PM
From: craig crawford	Read Replies (2) of 45548

NETWORK BARGAINS? #reply-5653918 Paul Weinstein, an analyst at CS First Boston, calls 3Com (COMS) "the best turnaround" story, based on the fact that the company seems to have fixed problems that had prevented it from turning out product in a timely fashion. 3Com has dropped 23% in the past week and it is almost 60% off its 52-week high of 56. "Now we've got a modem standard," Weinstein says of the truce brokered between Rockwell (ROK) and 3Com's U.S. Robotics unit, both of which produce 56 kilobit per second modems. "That's going to help stabilize [modem] pricing, which is going to help operating margins," Weinstein says. "And expectations are so low at this point [for 3Com], if you improve operating margins, it's going to drive the stock higher." Reason to look forward to the third quarter, perhaps.

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