3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

0.0%

Nov 26 9:30 AM EST

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To: FUZFO who wrote (27569)	2/4/1999 10:18:00 AM
From: hitesh puri	Read Replies (2) of 45548

Fastest meltdown I have seen. First 30 minutes and I see blood gushing in the street. My target of 33 1/2 was met. Strong support there as it was resistance 6 months ago. Seriously speaking, when COMS sold off last year with yer EPS estimate of 1.35 it touched 23 which was 17 times earnings. The next FY earning estimate is around 2 putting the panic price at low 30's. I officially upgrade my mutt from a Beagle to a Labrador. Still a dog but much more powerful. I did go back to the Jan analyst reports and they did say that it would be a backend loaded quarter and nothing to worry about as it was going as per plan. Systems business was tracking ahead and client access was flat. This report was after Jan 20 meeting. If Cisco gained market share in the 10 days following the meeting then that is something I cannot figure. -hitesh

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