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

To: FNS who wrote (38599)	1/29/2000 2:44:00 PM
From: Sawtooth	Read Replies (2) \| Respond to of 45548

<<My point is that the street will put a value on COMS w/o Palm! and a peak value for PALM...so at IPO time the price of PALM will be already discounted...hence, any further increase or decrease in PALM will be reflected proportionately in COMS/PALM stock>>>> OMHO!!!..... Bottomline, if one could estimate a reasonable market price for COMS w/o Palm and a "hot" (???) market cap for PALM ipo might,, we would be able to predict some numbers for COMS/PALM at IPO time!!!>> Interesting comments, FNS. One of the general assumptions many are making w/valuing COMS sans Palm is that COMS continues on it's current business path, sans Palm. Of course, there are many things that could happen afterward that could significantly alter the direction, for instance: 1. A sale or merger of the company (pre or post-IPO (not likely); pre or post-Palm distribution)? 2. A change in leadership? 3. COMS will have even more $$$ after the initial Palm IPO; how will they use the cash? An acquisition? 4. A complete change in the business model? 5. Other? While Eric B. has been reported to have said (my recollection - loosely) the post-Palm Coms will focus on the core business of networking, does this necessarily mean what we think of it as being today? Seems it's certainly open to change. Just some musings. Others thoughts? ........VVVVVVVVVVVV

To: FNS who wrote (38599)	1/29/2000 4:30:00 PM
From: geekland	Read Replies (1) \| Respond to of 45548

COMS without PALM is not exactly a basket case. Granted, the modem and network card divisions are limping because those have both become low-profit commodity items. HOWEVER, E.B. and cohorts are wisely redirecting their efforts to the burgeoning, soon to be exploding, wireless market. 3COM's existing market share/penetration and the reputation their products enjoy will facilitate this nicely. BESIDES - with all of the merger/take-over activity that has occurred in the last year or so, just about everyone concedes that 3COM is one of the most enticing, still free-standing acquirables out there. Once PALM is fully-divested, 3COM will be an easier morsel to swallow. There have been repeated rumors of European telecomms seriously looking at such an acquisition to keep them viable in international competition. Some of the "3COM without PALM" bashing that goes on in this thread could very well be the desperate efforts of 3COM shorts trying to foment uncertainty. They would have a hard time pooh-poohing all of the PALM-related excitement so they must resort to a strategy of "Yeah, well PALM's nifty, I suppose, B U T just wait until THAT'S out of the picture! BEWARE!!!" To that I say, "Harumph and p'shaw! Better COVER YOUR SHORTS NOW, you nay-sayers, because your negative strategy is about to CRASH AND BURN!" IMHO