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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: jach who wrote (31283)5/27/1999 2:36:00 AM
From: jach  Read Replies (1) of 45548
 
COMS based on valuation is indeed a BIG bargain. Take a look at the valuation:
- mkt cap of about 10B, revenue of almost 6B <= incredible valuation
why ? most networking companies are valued at least 4 times, and COMS is less than 2 times. Goldman's Cohen is absolutely right.

- next year's earnings is about the same as CSCO, and CSCO mkt cap is more than ten times larger than COMS. CSCO is way overpriced.

- Wireless PALM VII will take off big time in the nar future and COMS can potentially surpass CSCO with the additional revenue stream from cable home and wireless businesses, all imo.

- COMS can be bought out anytime, like FORE systems. Don't forget the time when FORE was at 13$ and had said was a big bargain for FORE at that time. The smart ones got 35$ NOW for Fore. The target price for COMS at the low side is betwen 40-50$, and the high side is between 50-65$.

- COMS book value is more than 8$ and have cash of more than 4$.

- At this price COMS is an incredible bargain, all imo.

biz.yahoo.com
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