Thread -
Listen to yourselves! Whine, whine, whine!
I'll agree, 3Com doesn't do a good job of guiding the analysts, although the demand for its products isn't as stable as for poster boy CSCO.
Did anyone ever say that surviving as a networker would be easy? Sure, it's had difficulties, but 3Com is not exactly falling apart - they have a terrific balance sheet, plus they still make quite a lot of money. And they're well positioned for the future. There are 3 million Palms out there, and a sizeable share of rival products go unused. Palm VII should help 3Com make a killing. With growth potential factored in, and compared to valuations of some of the big caps, 3Com seems to me to be quite a good buy at these prices.
BTW, what does "75% discount to Cisco" mean? Are you comparing stock prices? That's utterly absurd. Look instead at price to sales and price to earnings. Cisco's more than fully valued, and 3Com is quite undervalued at this point.
Andre (long COMS
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