3Com Corporation (COMS) Message Board

STOCKTALK

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 0.00170

-19.0%

Dec 26 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bgg who wrote (29068)	3/19/1999 2:22:00 AM
From: Harold S. Kirby	Read Replies (1) of 45548

bgg: Hello ole pal...as to mr. benahamou...I've never expressed any confidence in him. As a matter of fact...I have over the past two years have expressed to the Board that he should be replaced ! I have not lost any money on 3com... boxed my profits in when she was at 50. Have also shorted Cisco several times and getting ready to short cisco again. I am in agreement with you concerning USRX...it has been a disaster...Cascade certainly would have been a better "strategy". I expect Claflin to become the "spokesperson" from here on in. He is the only one who is keeping this boat afloat. Benahamou is a damn good engineer...there is no doubt about that, yet he does not have the management skills to lead this company forward. It is very difficult to transistion from Engineering into top management...those that are able to make the transistion are certainly an asset. The inventory problem with the acquisition of USRX and the failure to recognize such, lies at the feet of the CFO. Had he done his "homework" along with the rest of the "accounting team" during negioations with USRX the problems with this acquisition would have been much more manageable ! Cisco has one hell of a good manager (Chambers) primarily because he does not "buy into" everything that his lower management advises. He does his own homework and knows how to ask the right questions...he is also a good salesman...no denying that! I continue to stress the "fundamentals" as the focal point of any investment. I have always kept a considerable amount of cash on the sidelines and have purchased a ton of 3com during this slide. I did the same with Apple when everyone was predicting their "death"! I still have a strong position in Apple...bought it when she was $8/sh. My prediction concerning 3com is this...she will return to the 50's by this time next year! I can wait...patience has always proven to be the correct strategy when one is in the mkt. good to hear from you, HK

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next