3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

0.0%

Jan 9 9:30 AM EST

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To: Greg Jung who wrote (21221)	9/4/1998 6:27:00 PM
From: matt fahy	Read Replies (2) of 45548

Greg, >That's not going to happen anytime soon but it may dip to $17 or worse from which you might buy and hold to $27. < What? $17? I think it has better chances of making $80 before $17, please. What makes you so negative on 3Com stock price? Is it the company or the market? $23 support has held every time so far and markets are currently in the trash can. Could it go lower? yes, but remove another 28% of its market cap., I just don't see that happening. Besides the .20 is not that important imo, they will easily make that #, its sequential revenue growth and gross margin stability or GM growth that will be watched. I am expecting above average EPS due to reduced operating costs as they should have reduced alot of the duplicate o/h between the companies by now. Didn't 3Com lay off significant employees over the last 6-9 months, no more severance charges, etc. Matt

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