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

To: Mehrdad Arya who wrote (38511)	1/28/2000 12:23:00 PM
From: The Phoenix	Read Replies (1) \| Respond to of 45548

You make two arguments One you say that we're moving from a PC centric world to a network centric world. You're about a year behind "those in the know in making that call". We all knew that 18 months ago. I'm puzzled by the fact that you think you're the only one that knows this..but as I think more about it it's clear that you venture out infrequently. PC growth has been slowing for a couple of years and most good analysts have recognized this by reducing their expecations for companies like GTW, CPQ, and DELL. Look at their charts... this is not news. I find it strange however that you make the argument that we're moving to a netowrk centric model - this would seem to support CSCO's continued growth. So, the market for CSCO continues to grow - by your own admission. It's clearly up to CSCO, NT, LU, and other to capitalize..and well... CSCO has been executing. You then make a second argument...that valuations are high. yes, valuations are high... but this isn't what you said earlier - you said there "were cracks". I see nothing wrt that would indicate that - the market is slowing or - CSCO is not executing Yes, you can make a valuation issue out of it...that is a completely different discussion. This is the same discussion we have here with COMS.. You say that COMS is a winner. I say they haven't executed..and you continue to press on saying that these new businesses they are in will succeed. When pressed you turn to valuation and cash position. Mehrdad.. you can't have it both ways. COMS does have good investments and a strong cash position - this doesn't mean they are executing. CSCO does have a high valuation but that by itself doesn't mean they aren't executing. So, Mehrdad are you saying that investing in CSCO makes one an idiot because CSCO will not execute (we both agree that the market is growing at historic rates), or that it's valuation is too high. Please explain your answer. OG