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

To: mr.mark who wrote (39524)	2/19/2000 11:59:00 PM
From: Joe S Pack	Read Replies (1) \| Respond to of 45548

Based on Bear-runs history I will translate that hold into "please hold this at this level for me" to load some more as we have only 10 days left for IPO and don't want to miss one more leap. -Nat excerpted from barron's online... FEBRUARY 21, 2000 Greenspan Scares Exuberance Out of the Market By JACQUELINE DOHERTY "The last time we chatted with Jeff Pittsburg of Pittsburg Institutional, he told readers to stay the course with 3Com, maker of the Palm Pilot. The stock had run from 33, where he first recommended it, to 46 3/4 in late December. Pittsburg expected the shares to hit 55 within a year. But instead they hit 55 and kept rising to a high of 77 before closing out this week at 69 11/16. Now Pittsburg has changed his recommendation from "buy" to "hold." "I'm crazy about the Palm Pilot, but I went to a hold because the stock has risen and it's not cheap anymore," he explains."

To: mr.mark who wrote (39524)	2/20/2000 10:39:00 AM
From: Joe Gun	Read Replies (2) \| Respond to of 45548

California Technology Stock Letter Comments on 3Com Feb 18, 2000...... 3Com soared higher as people become more enthusiastic about the upcoming Palm IPO on February 28th. The people buying the stock have assumed the Palm IPO will be a guaranteed success and are seeking the only way in ?through being an existing shareholder of COMS before the IPO. Leading analysts tend to agree,remarking that the Palm IPO may in fact turn out to be the most successful IPO in market history. Obviously,we caught this one just right last year and the question is whether it ?s time to take profits. Each share of COMS will be entitled to a little over 1.5 shares of PALM when the spin off happens in August. If PALM comes public at $16 and just sits there,it ?s worth $24 a COMS share. We think the datacom portion of COMS can be sold to Ericsson, Alcatel or Siemens for about $40,so at $64 COMS is just discounting the public offering. PALM doubles to $32 as seems likely,COMS should sell for $88.If Palm goes to $48,COMS is worth $112.The highest number we ?ve seen projected for PALM is $100 a share,which would make COMS worth $190 ? in your dreams! Hold COMS at least until the Palm IPO.