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

To: The Phoenix who wrote (39382)2/16/2000 1:11:00 PM
From: David E. Taylor  Read Replies (2) | Respond to of 45548
 
Gary:

Boy, you are a real pessimist on COMS. The analyst valuation ranges I've seen over the last six months vary from a low 25 to a high of 45. Mine is around 35, giving EB & Co. the benefit of some slack to turn their underlying business around, at least for the next few years as their broadband and wireless products have a chance of picking up.

But if you value COMS at only 20, that means you think the PALM part is worth around 37, not unreasonable I guess for 2 weeks out from P-Day.

Good luck, and I hope you don't get shaken out of COMS too soon.

David T.



To: The Phoenix who wrote (39382)2/16/2000 2:09:00 PM
From: Andre Williamson  Read Replies (2) | Respond to of 45548
 
Gary, at $20 per share are you including the $6 cash and $6+ in investments? In other words, are you saying the non-Palm business is worth only $8 per share, or 0.6 times sales?

At the 1.25x sales you suggest I still can't see how the number is less than $28 per share (1.25 x $4.5 billion / 342m shares + $6 cash +$6 investments).

BTW, at your $20/share price if you take out C+I you're looking at a P/E of 10.

Andre


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