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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: chirodoc who wrote (28188)2/21/1999 6:31:00 PM
From: vinod Khurana  Read Replies (2) of 45548
 
3COM management needs to do a better job of convincing Wallstreet that business is good as ever. That sharp drop we had from $47 down to $30 + change and very little reaction from our CEO tells me that 3COM gives didly squat about investors.

The management at this company does not get it. Bay Networks tied it with NT and Assend with LU. Management there knows the potential that bigger is better going into the 21st century. LU, NT and CSCO have a better chance of winning larger contracts worldwide than 3COM
can achieve on its own.

On a technical basis, I expect this stock to rally to $38 - $40 before testing $30 again and perhaps falling to the $27 1/2 level as the Nasdaq continues its desend to more reasonable levels.

Long term bullish but short term, it could be in a trading range.
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