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Technology Stocks : 3Com Corporation (COMS)
COMS 0.001300.0%Nov 7 11:47 AM EST
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To: Wigglesworth who wrote (21529)9/16/1998 8:39:00 AM
From: Mike Denman  Read Replies (2) of 45548
 
I think we should all hope the run up in COMS price is associated with good earnings. If not this latest run up is a balloon and will pop after the take over talk has died down. I have been in COMS since it was in the 20s last year and rode it up to 60 and sold and re-purchased at 50. So I am down about 40% and hoping for another run like last year.
I have seen COMS do it both ways pre-announce and not pre-announce earnings shortfalls. I have seen Eric B. talk up the merger with USRX as going better than expected and then getting killed with the modem inventory. Now his line is they have turned the corner and they have not pre-announced. It looks like they will make earnings estimates but I would be surprised if they exceed them.

I will be the first to say I don't know nor have a clue what their earnings look like. I will say it is never boring being an investor in COMS.

As for Herb Greenberg. He says focused on companies. He hounded IOMEGA and several others while he was at the SFC. He was the person who pointed out the inventory problem with the modems last summer at COMS. Maybe his report about COMS and INTEL has some basis. The bottom line is earnings will consistently drive the price of COMS, not take over talk. My gut feeling is if INTEL and COMS were really getting ready to merge the negotiations would not be taking place at any location that people could draw speculation from.

Hope for good earnings.

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