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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: mr.mark who wrote (20478)	3/23/2000 8:13:00 AM
From: David Lawrence	Respond to of 22053

Put away your umbrellas. Washington, DC. -- (NEWSdesk) -- 20 March, 2000 -- A conglomerate of investors headed by hotJump!, a privately-held content network, today announced its intent to acquire Iridium LLC, the world's first global satellite phone and paging company. hotjump.com

To: mr.mark who wrote (20478)	3/23/2000 8:26:00 AM
From: David Lawrence	Read Replies (2) \| Respond to of 22053

Just plain neat-o. ucsdnews.ucsd.edu

To: mr.mark who wrote (20478)	3/23/2000 8:31:00 AM
From: Moonray	Respond to of 22053

COMS, a 3-year retrospective: When I sold Monday at 73 (ahead of earnings/meetings), it was primarily because of the impending restructuring and a general lack of faith in management. Restructuring almost always means write-downs that will kill a stock for a period of time. The preliminary results are in from the Analyst community and they seem to bare this out (sans PALM): corporate-ir.net corporate-ir.net Applying a generous PER of 100 for COMS, and likewise for PALM (arguable), it would appear that a May 2001 price of $23 for PALM is in store. The basic COMS should be selling for $6. Applying 1.5*23+6 gets an intrinsic value of $40 for COMS in today's market, looking forward. Now admittedly the First Call estimates are preliminary and the number of Analysts are sparse, but I can see no reason why an institution would buy COMS over this next year. In hindsight, I regret not selling COMS in the upper $50s at the time the USRX merger was finalized, in the summer of '97. I was betting on the records of COMS and USRX management to run the #2 networker in a superior fashion, as they had run their own companies. This has just not happened, COMS is worth more dead than alive today. Take my reason for buying USRX for instance. The X2 modem DID INDEED prove to be superior over FLEX and garner the major market share. So, what did E.B. do? Embrace the V90 format and allow ANYONE to make a modem cheaper than 3COM. They are doing EXACTLY the same thing now with the DOCSIS cable modem. By embracing the DOCSIS format, they will sell a lot of modems, but there won't be any money in it. I know from your prospective, the current COMS price of $64 seems quite low compared to the $120 high, but remember that it was only a year ago that it touched $20: tscn.com I have been looking closely at COMS to see at what point I should buy the stock back and have come to the conclusion that it should not be bought for a long time, and at a much lower price. o~~~ O