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

To: The Phoenix who wrote (36659)	11/29/1999 1:53:00 PM
From: Mehrdad Arya	Read Replies (2) \| Respond to of 45548

Gary, I wouldn't mind being a tier two player with a market cap of $45 Billion, which translates into a stock value of $120/share. This is still markedly discounted compared to Cisco market cap., which is $310 Billion. Tell me why you think CSCO deserves such a market premium. Cash reserves similar to 3Com Diversity far less than 3Com Global presence less than 3Com Revenue approx. double 3Com's Patents less than 3Com's Emerging markets, based on patents and current market analysis it appears 3Com is equally, if not better positioned. Let me remind everyone on this site, if it were not for 3Com's prescience,wherewithal, know how, and marketing the Palm would have never been able to defeat MSFT. I think credit should be given to the companies mgmt., because an enormous amount of resources where poured into the making of this Palm a success. After the Palm IPO, we will all begin to see EB's vision come to its' fruition. Without Palm this company has everything, and I say everything to take on any company in the networking arena. Its' resources are enviable and don't ever fool yourself that 3Com has been enervated to a jaded entity. Let Cisco be warned, they have a sleeping giant lurking in their shadows.

To: The Phoenix who wrote (36659)	11/29/1999 4:28:00 PM
From: Michael Bonnette	Read Replies (2) \| Respond to of 45548

Their networking business is still suspect. Without PALM this will become a the greater focus. When you continue to make these statements you are coming off as a person that works within a traditional competitor of 3Com. Why can't I own 3Com/Palm and look at new R&D and new product initiatives and new businesses, e.g. Palm and supporting infrastructure? When I first started looking at 3Com it was as a competitor to Ascend. (as a shareholder not employee) I'm sure you remember they were in their bloody death fight over the 56K modem standard and more importantly controlling the access platform. Of course I was rooting for Ascend's ultimate success, though extremely bloody for both co's. My point is that after seeing that battle, and the subsequent USRX channel stuffing, I saw many businesses that were absolutely undervalued by the Street, including Palm. Obviously, the Palm business is being recognized because of management focus, investments and the current spin-off. But I think you are wrong to think that all these other businesses deserve to be valued at historically low valuations as compared to any other competitor. No they are not Cisco, but who is :-) I understand that Cisco is looking at all sectors and is going to try and compete in all sectors but only a competitor would continually say "ignore everything good about what management has done, but boy look at how bad that traditional router/switch/NIC/modem prospects are" Try looking at 3Com as an investment, and not a competitor. It will change the way you view it. - Mike