Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mr.mark who wrote (32514)	7/23/1999 11:54:00 AM
From: Souze	Read Replies (2) \| Respond to of 45548

COMS, currently down between 15/16 and 1, is not trading as weakly as it looks. Of the shares that traded in blocks of 10k or greater, so far today, 250k shares were traded at or above the ask vs 149,300 at or below the bid. 59,300 were traded in between the bid and the ask. The largest trades were two 100k blocks traded at or above the ask. IMHO we won't see $22-23 per share again anytime soon.

To: mr.mark who wrote (32514)	7/23/1999 12:01:00 PM
From: Mehrdad Arya	Respond to of 45548

BTW, we do live in a world that has gravity and eventually those companies that have the fundamentals will prevail. Those investors who do not believe in the fundamentals of COMS should not be investing in COMS. I choose to be an investor and even if the market crashes COMS is one company that is not priced to perfection, to the contrary it is priced as though it is to fade away. With such discounting of the stock I feel very secure at these prices.

To: mr.mark who wrote (32514)	7/23/1999 12:36:00 PM
From: The Phoenix	Read Replies (1) \| Respond to of 45548

Then there are those that bought higher and are looking to average down. All else being equal this would result in a slow yet steady rise in the stock with periodic fluctuations allowing for averaging. I for one took advantage of today's softness and averaged down at 25. I still believe this pup is going to get bought. My guess is today's softness is insider knowledge of a deal gone bad. Still, there are plenty of suitors out there that would love to have COMS's channel, the palm business, and TotalControl. COMS is not a bad company - they just need to focus on their higher margin businesses and cost reduce like hell the slim margin businesses...or better yet....divest them. We'll see, but I predict COMS will get bought before end of the year for something over $35. OG