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


To: Captain Jack who wrote (38595)1/29/2000 4:22:00 PM
From: Andre Williamson  Read Replies (2) | Respond to of 45548
 
>>valuation on coms alone,, since prior to PALM it was 20 - 23 that would be the valuation perceived IMO although I feel 12 - 15 is more reasonable<<

A valuation of $12-$15 for COMS sans Palm is ABSURD.

On this assumption, take out cash and investments and you're left with a value of what, say $3/share ($1 billion mkt cap) for COMS' ongoing business? A business with sales of $5 billion and close to half a billion in earnings? Are you really saying COMS deserves a PE of 2????

Andre