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

To: rest42 who wrote (32353)	7/12/1999 10:02:00 AM
From: Andre Williamson	Read Replies (1) \| Respond to of 45548

Convenient how one can twist numbers to suit one's purpose. The chart I looked at went from $1.60 to $27 (with some pit stops at $80, $60ish, and $50ish. If you're such an "old timer," then why do you read the chart only from $80 down, and why is your time horizon only 2-1/2 years? As for CSCO, terrific company, but for all the wonders I think it it's still ahead of itself. Just so happens that CSCO is a model company that leads the networkers. COMS by comparison looks crappy. But I'm with those who think that COMS has little downside and a lot of upside, whereas CSCO has a fair amount of downside. Don't forget that although CSCO earnings may be up about 100% in the last two years, their stock is up over 500%. If the world economy hiccups in any major way CSCO could easily lose $100 billion of market cap. Let's put it another way. If CSCO's market cap doubles again soon then it will probably be in the top 3 companies globally. I just don't think it can sustain its recent valuation growth. COMS, OTOH, has less than $10 billion market cap (with a fair chunk of that cold hard cash) and lots of room to run. Andre