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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

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Nov 26 9:30 AM EST

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To: Al Cano who wrote (30004)	4/24/1999 1:09:00 AM
From: Harold S. Kirby	Read Replies (1) of 45548

Al: You may not be old enough to remember the 60's....when "geeks" like myself were "laughed at" concerning our predictions in the electronic field. An Engineering graduate in those days was highly valued and as a result of "our" foresight coupled with some damn good businessmen who were more knowledgeable than these so called "technical analysts" hired directly "out of college" is the reason that everone has a much better life than before! Engineers of the past spent at least 2-5yrs "on the bench" in the lab before they "advanced" to a desk job...designing circuits or systems! I doubt very seriously if there are any "analysts" on WS who have spent a considerable amt of time "on the bench" gaining the necessary experience to forecast the potential of "new" technology and its applications! There is a damn big difference between "book knowledge" acquired at the University level and working at the "cutting edge" of technology! Engineers and Scientists are damn good at "solving" and developing systems but are very "ignorant" when it comes to the business side of the equation. Today we have analysts in the technical area who are more "business orientated" than technically orientated ie...Mr.Kurlick who worked for Merrill Lynch..who prior to his position was in the "banking Industry"! Like asking your yard man on how to fix your tv! Yet...WS listened to every word with absolute truth when he spoke concerning the Semiconductor Industry! These analysts are over paid and their interest(s) lie in the fact that they must get business for the firms they work for...they could care less about the shareholders or clients of their respective firms! That is my main "rationale" for not "listening" to these so called "experts"! When Investors become aware of this simple fact...and they are...we will see a market that is not as volatile! I would listen to an independant analyst long before I would listen to an analyst associated with a brokerage firm! A strong technical background along with a formal business education at the University level will reap substantial rewards in the technical sector of the market. Technology is the wave of the future...it is here where many fortunes will be made! This country (USA) will become the "think tank" of the world and the actually mfg of our concepts will be done overseas! I believe that WS is "waking up" to this realization and they will be the "force(s)" behind protecting our technology and keeping it at home rather than allowing it to go outside the country! We will "sell" our product (technical & engineering expertise)but we are not going to "give it away" at a bargain basement sale! Especially when a particular CEO "screws up"! Intellectual knowledge is far more valuable than hardware! Nuts and bolts are easy items to acquire...intellectual knowledge takes a long time to mature...once you lose it, it takes a while before you can find someone to fill the gap. That is why Corporations offer "incentives" to keep their "key" personnel or to encourage outside talent to their organizations. These individuals are paid quite well and the investors "expect" a return on their investment (max ROI)! Hang in there...Mkt is becoming savy relative to 3com's valuation...it is certainly a bargain at these prices...even into the 40's! Regards, HKirby

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