SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : 3Com Corporation (COMS)
COMS 0.00130-18.8%Nov 7 11:47 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: craig crawford who wrote (27447)2/10/1999 8:00:00 PM
From: Greg Jung  Read Replies (1) of 45548
 
Ha! I thought I'd catch you long on this dog, Craig.
And after your winning streak last summer (?) on the short side.
I thought you basically hated this company?
Have you found the fire in the belly, again?

Just in case there's any discussion about fundamentals, imo they basically halved the 3com holder's equity stake with the usrx acquisition, adding revenues tied to a very volatile product line and
the hopeful TCH product. TCH didn't pan out as fast as anticipated,
there is a fair foothold in cable modemage and the voice->digital boxes are great, but I didn't see a big fat contract about it. Modems are at terminal speed and cable/dsl is still too small (RBOCs have not joined the race). So after the usual Autumn Christmas insider sales push we have the springtime blahs. Breaking the 200 dma and stay low long enough to break the April options speculation.

The only question I have left is, will it hold 24 again?
Where does it go if that fails? Does anybody want to know?

Greg

(won, lost, won again, lost in 3com.)

P.S. I was surprise to see the #share count drop a bit from Q to Q.
Is there a share buyback in place? It has been more typical to have a steady 3% issuance.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext