3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-23.5%

Nov 7 11:47 AM EST

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To: hitesh puri who wrote (29176)	3/23/1999 6:55:00 PM
From: Alok Sinha	Read Replies (1) of 45548

I think the earnings number, although in line, put a floor for the stock in low 20s. I doubt it is going to bounce back much(26 tops) . The street has gotten burnt a number of times in trying to call a COMS recovery - so the upgrades will have to wait. Buyback with bad news seldom helps a stock. (if these guys were smart, and thought the stock was undervalued - there would be some insider buying). Glad to be out of this one for now. May pick up some trading shares in the 22 range if it gets there. Regards Alok

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