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: lin huan chen who wrote (27653)	2/5/1999 2:31:00 AM
From: Harold S. Kirby	Read Replies (2) of 45548

Lin: You are absolutely correct concerning the importance of strong management. I had exposure to Operations Mgmt in the Defense Industry and feel qualified in making my viewpoints relative to 3com. One of the most positive decisions that occurred this past year was the appointment of a C.O.O. This indicates that Eric should be spending his time elsewhere...preferable in the south 40! It is obvious that each time he opens his mouth...he inserts his foot! I am sure the Board has heard the message from me and others concerning the statements that Mr.Eric B. has been making and the causal relationship between his comments and the "tanking" of share value! The fundamentals of 3com are intact...anyone who has taken a course in Managerial Accounting will attest to such! The company is viable, and has the potential to reach into the 100-110/share within the next 3yrs. The Management structure of 3com is strong with the exception of Mr. Eric. He is the only negative aspect of 3com and the mkt is relating that...! These past few days have been nothing more than "Herd Instinct"....with some positive news from Corporate...the movement upward will return! Cisco is very "overvalued" and will see a correction within the near future.... .38c./eps this past report will not cut it! 3com hit .36c/eps this past report! If 3com reports anything between .34-.38c/eps this coming report(end of March)...stock will return into the upper 40's and possible into the 50's. My numbers continue to indicate conservatively 60-65/share, many are projecting 70 by end of yr. My strategy continues to be the same...buy on the dips (accumulate), long term strategy wil pay off! Am not a day trader, nor do I follow the herd. As far as share value is concerned...you are partially correct...what is important is "acid test ratio"! In other words...how much cash do we have on hand to pay current debt. The higher the better! Compare 3com to Cisco and others and you will see why 3com is in a better position to attain their long range goals. Share value is at the "whims" of the mkt...not a very good idea to determine where you choose to work! It is the Operations Manager that will make or break your organization, along with the Finance Officer! These are the two most important individuals within any organization. Yes...Mr. Chambers is a PR expert and knows how to use the media, but Hipe will only take you so far...until the numbers come out! So...do your homework...don't depend on analyst's nor anyone else until the numbers point the direction! Regards, HK

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