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Technology Stocks : 3Com Corporation (COMS)
COMS 0.00130-18.8%Nov 7 11:47 AM EST
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To: Jeff Sheeran who wrote (26246)12/21/1998 10:12:00 AM
From: joe  Read Replies (2) of 45548
 
Something to ponder folks...while your counting $$


"

Wrong! Dispatches from the Front:
The Net Stocks -- on Fire for a
Reason?

By James J. Cramer
12/21/98 6:15 AM ET

Here's one for all of you bears to ponder: How strong can
the fundamentals be in some of these tech stocks for them
to run like this?

Inside-the-box thinking says that the market is just crazy
and that Intel (INTC:Nasdaq) and Microsoft (MSFT:Nasdaq)
should have stopped going up by now.

But what if it turns out that the fundamentals are on
fire? What if it turns out that the Net has energized
everything and made it so that there are more tech
purchases, both corporate and individual, than anybody
expected? What if it turns out that the reason tech is
going up is because the earnings are going to explode?

How strange would this be? If you consider the rapid
takeoff of the Net, you might be able to determine that
that these stocks turned out to be cheap on next year's
earnings. And you would figure that the move, frequently
ascribed to short squeezes and a lack of better investment
alternatives, is really just an anticipation of a major
revision of earnings.

It wouldn't surprise me. "

Wouldn't surprise me in the least!
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