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


To: Robohogs who wrote (33245)8/25/1999 11:54:00 PM
From: Gary Korn  Respond to of 45548
 
Jonathon,

Good to see you too. No use looking back at what could have happened. I too, as you know, exited ASND too soon.

I really have very little COMS. But I'm not selling it here (heck, I just bought it). Setting aside fundamental analysis (wireless, Palm computing, etc.), the chart shows tremendous support at about 20. Heck, it even looks we just finished a double bottom. Might as well hold on for a bit and see what happens.

On the merger-conspiracy front (I know its meaningless, but I like to muse on such things), doesn't the pooling of interest rule end on December 31st? If there could, possibly, be a merger, you would think they would want to get moving on the darn thing (such as, perhaps, by getting that golden parachute on file).

Also on the merger-conspiracy front (more musing), does anyone know if COMS has a share buyback program in place? They would want to AVOID such a program if a buyout were in the works (there are these crazy rules about how such shares have to be allocated, such as to employee stock option plans, rules that cause companies in a buy-out mode to avoid their use, e.g., Xylan (which announced a plan and then effectively negated it)).

Gary Korn



To: Robohogs who wrote (33245)8/26/1999 12:14:00 AM
From: Gary Korn  Read Replies (1) | Respond to of 45548
 
A comment from Merrill on COMS:

We believe that over the next 4-5 quarters,
revenues from high growth products will
increase from 10-15% to over 25% of total
revenues. As 3Com executes this transition,
we believe investors will increasingly value
3Com like an Internet appliance company,
and would expect to see multiple expansion.


Gary Korn