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


To: daViking who wrote (45225)3/3/2001 9:54:31 PM
From: David E. Taylor  Respond to of 45548
 
David:

Cash and investments were worth around $8/share, book value (stockholder equity) was about $10/share for the Q2 ended 12/1/00 . Both will go down around $0.70/share with the projected loss for the current Q3 (around $250 million, 365 million shares). So at the present stock price, you're getting the stock at liquidation value or less, and the ongoing business for nothing. Of course, it may just turn out that the ongoing business is worth just that - nothing. And if they keep losing $250 million/quarter, the cash/book value will decrease by about $0.70/share per quarter.

You can check this out for yourself by going through the balance sheet for Q2 which ended last 12/1/00. You can get this from EDGAR (or a shorter version from the 3Com website):

freeedgar.com

They report Q3 on 3/27 (ended 3/2/01 or thereabouts).

Good luck.

David T.



To: daViking who wrote (45225)3/3/2001 10:33:02 PM
From: hdl  Respond to of 45548
 
on si for coms they have financials, under which is the balance sheet. you can look at current assets and deduct liabilities and divide by number of shares. it is all there.



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COMS : 3COM CORP (NASDAQ)
Highlights | Bal. Sheet | Income Stmt. | Cash Flow


SELECTED BALANCE SHEET ITEMS
YEAR ENDING QUARTER ENDING
05/31/98 05/28/99
Restated
06/02/00 06/02/00 11/26/99 12/01/00

Cash & ST Investments 1,076,078 1,661,136 3,069,940 2,011,503 2,435,315
Receivables 849,640 825,218 355,540 730,395 430,583
Other Current Assets 1,208,954 872,348 1,999,951 1,256,549 798,437
Total Current Assets 3,134,672 3,358,702 5,425,431 3,998,447 3,664,335

LT Investments 0 0 0 0 0
Fixed Assets 858,779 823,421 705,824 776,111 693,713
Other LT Assets 87,069 230,152 361,699 205,809 361,807
Total Assets 4,080,520 4,412,275 6,492,954 4,980,367 4,719,855

Accounts Payable 332,992 300,905 363,497 476,305 408,471
ST Debt & Curr LTD 12,008 13,900 14,459 13,822 2,254
Other Current Liab. 838,915 801,272 804,520 903,074 559,110
Total Current Liab. 1,183,915 1,116,077 1,182,476 1,393,201 969,835

LT Debt & Cap Leases 35,878 29,723 14,740 16,510 2,595
Other LT Liabilities 53,232 70,020 1,252,674 52,324 80,896
Total Liabilities 1,273,025 1,215,820 2,449,890 1,462,035 1,053,326

Preferred Stock 0 0 0 0 0
Common & Paid In Capital 1,730,676 1,954,204 2,101,242 1,979,254 2,348,152
Retained Earnings 1,079,775 1,403,709 1,982,079 1,660,847 1,578,116
Other Equity -2,956 -161,458 -40,257 -121,769 -259,739
Total Equity 2,807,495 3,196,455 4,043,064 3,518,332 3,666,529

Shares Outstanding 358,870 357,615 353,454 341,923 348,781
Note: Units in Thousands of U.S. Dollars.




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