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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: Moonray who wrote (31976)	6/22/1999 10:58:00 PM
From: Joe S Pack	Respond to of 45548

Moonray, They don't have several billion dollars. $950M in cash and another $700+M on investments. Total of 1.6B. I am not sure how concrete the investment portion is. Assuming that it will stay the same, current book value is $8.91/share and $4.71/share cash. I hope it is clear now. I listened to the CC and they kept of hedging their statements and not much confidence. One thing I am not sure is out of 15M share repurchase, how much will be to pony up their options and management related pocketing. One bright part of conference is that the Palm is making more than 10% of their revenue and Palm VII has been received well. I think 3COMS future is in wireless portal and some enterprise business. I am not sure how much head way they will make in Home Network. I am a long term holder and want to see 40 for a decent exit. -Nat