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Technology Stocks : Phone.com [PHCM] -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (349)	8/26/1999 10:08:00 AM
From: Mark Oliver	Read Replies (1) \| Respond to of 1080

Pat, all I mean to say is that I see the market's greed to own the next Internet and anyone who plays against this is taking a big risk. Perhaps bigger than being long. Short term, there is a correction taking place. Whether it takes it back to the 70's seems unlikely. One thing is sure for me, it often seems hard to buy back a stock you've sold for less. I'm looking at HLIT which has also had an incredible ride to 100+ and I held it or years under $20 only to miss the big move taking profits hoping for a pull back. Here's a story about 3Com which I'm not sure I understand. I was expecting it to say they are offering 3Com's branded Internet (non WAP) service, but instead it seems to be a switch based product that is meant to improve the network. Regards, Mark Sprint PCS to Use 3Com's Technology for Wireless Web Service Bloomberg News Tuesday, August 24, 1999 KANSAS CITY, Mo. - Sprint Corp., the No. 3 U.S. long-distance phone company, said its PCS Group will use technology from No. 2 communications-equipment provider 3Com Corp. for wireless Internet service starting next month. Sprint PCS said it will use 3Com's InterWorking Function (IWF) technology to offer wireless Web services to as many as 4 million subscribers nationwide in late September. 3Com executives valued the contract around $20 million and said it eventually will bring in more. They said the Santa Clara, California-based company also plans to sell the technology to other carriers worldwide. Sprint PCS, based in Kansas City, Missouri, said it installed the 3Com wireless products in its nationwide network all year and successfully conducted trials in June. Sprint PCS previously announced that it would offer Sprint PCS Wireless Web as its entry in the increasingly competitive market for access to the Internet among mobile customers. Rival Nextel Communications Inc. will offer Nextel Online, and Vodafone AirTouch Plc said it plans similar service soon in Seattle, Salt Lake City and Michigan. The 3Com IWF technology uses software compatible with so-called code-division multiple-access switches in mobile networks that let a user connect directly to the Internet without delays associated with modems in personal computers. Access can be established in less than 7 seconds, the companies said. Keith Paglusch, Sprint PCS senior vice president for network operations, said the 3Com technology will enable his company ''to take its place ahead of all its competitors.'' He said customers will be able to obtain Internet access wherever they travel on the company's network. Price Plans Monthly web-access prices will range from $9.99 to $179.99, in addition to regular phone charges. Besides minutes to use for voice or data communications, customers will receive specified news updates from Yahoo! Inc., the No. 1 Internet portal. 3Com, developer of the bestselling PalmPilot family of hand-held computers, said its technology already has proven effective for connecting a full range of mobile products, including PCs, phones and hand-held devices. 3Com introduced the technology in October as part of its Total Control multiservice platform. Bennett Cardwell, the company's director of wireless product management, said Sprint was only one of several carriers expected to use the 3Com hardware and and software for wireless Internet services. ''We're taking this product global,'' he said, adding that 3Com has already sold the technology to Bell Atlantic Corp., the No. 1 U.S. local phone company, as well as SK Telecom Co. of South Korea. Sprint PCS represents all of Sprint Corp.'s digital wireless operations and is a tracking stock for the parent, based in Westwood, Kansas. Shares of 3Com fell 3/16 to 23 5/8 in late trading, while Sprint PCS rose 3/4 to 59 5/8. businesstoday.com

To: pat mudge who wrote (349)	8/26/1999 6:07:00 PM
From: ynot	Read Replies (2) \| Respond to of 1080

pat, my opinions are similar about separating the company, product, market and stock price i did a quick scan of your profile and noticed your interest in CSCO, Cerent and that sector, and would ask if you could, please post a few tickers that might be worthwhile on the long side PHCM shorted $132+ covered $121+ today, waited for a bounce, but had to short $118+ before the close at $100 i will add to my short at $90 i will add again i expect to cover below $80, how far, i'm not sure of course these are my targets and i'm not advocating for anyone to do anything with any stock without dd. regards ynot ;)

To: pat mudge who wrote (349)	8/26/1999 9:37:00 PM
From: Lionel Parker Perkins III	Read Replies (1) \| Respond to of 1080

Pat, Thanks for the support and kind words. In the past 6 months I have shorted over twenty stocks that looked and smelled like phone.com. I wouldn't do it for a ten or twenty point move either. (get greedy get slaughtered) Usually between 2-5 points. I would short stocks that had run up over several days usually moving 35 to 60 points in that time period and in very speculative industries. You know the usual suspects mcom, hsac, etys, tuts, edfy, stmp, jboh, ect. This stock should have been no different except soooo many shorts had piled on(a lot)and there was a short squeeze. As more shorts were forced to cover it artificially inflated the price. The low float helped out also. Thats why this thing ran 25 and 16 points in two days. Thats 41 points on top of already running up for ten days before that. This may be a great company with a great idea, but no reason why it moved up like this and not worth this price. If you like this company try not to convince yourself it's really worth what its trading at except that momentum players and shorts were playing with it. Now, people who are long in the 120-147 region are getting crushed. They will move this stock back down below a hundred and the only ones who will make money on the stock will be people who bought below 80 and the market makers. Its a shame the market has gotten like this, I can take this hit. So many new investors are getting in and don't know any better. In a short time there accounts are at zero. My only advice is stay away from this stock untill all shorts, day traders are out. This thing can jerk you up and down very quickly. Good luck