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

To: peter grossman who wrote (41699)	3/12/2000 12:10:00 PM
From: Mehrdad Arya	Respond to of 45548

Peter, I never said my assertions were wrong, I just accepted the 1.51% because it does not alter the gist of my argument, even at 1.5% for Juniper my conservative estimations still make 3Com a fundamental play. You should also note that I did not put any value on many other 3Com investments and I also deducted 25% for a margin of safety. Why don't you do your own dd before making any accusations. I have told you all over and over and over again, that I am 100% invested in 3Com. I believe wholeheartedly that the company has turned around and it is only a matter of time for the fruits of its' endeavours to begin to manifest themselves. The emerging markets, based on their 2nd. quarter 10Q have grown 47% Q on Q and all the indications are that this area will continue to show stellar growth. If the company continues at its' current pace I surmise that within a year we should have revenues that far exceed the losses incurred by the divestiture of Palm. My estimations are based on 50% growth for the next four quarters assuming the company's revenues from the Emerging markets exceeded $500 million for the just finished 3rd. quarter. Now I have a question of everyone who is pessimistic about 3Com's prospects. If we allow outrageous multiples for startups knowing that at best these companies will not be able to show positive earnings for years to come why can't we be optimistic about a company that has almost no debt and substantial liquid assets, a prodigious R&D department, solid brand recognition and one of the best distribution channels. Have you chaps ever wondered how 3Com was able to make the Palm the PDA device of choice, how they were able to implement the first wireless portal and trounce MSFT two years in a row? Don't ever fool yourselves and think it was luck, or for that matter Dubinsky and Hawkins were its main cause. It was thousands 3Com employees, the company's resources and brand recognition that allowed Palm to be what it is today.