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

To: Pikewest who wrote (9800)	11/9/1997 5:19:00 PM
From: Bill Martin	Read Replies (1) \| Respond to of 45548

At this price level, investors are expecting earnings to be at 0 or even a loss for the quarter. This was intended as sarcasm? You're not seriously saying that if COMS announced a zero earnings quarter the stock wouldn't drop dramatically? Over the past 5 years COMS P/E (as measured by VL) has been 21. Even at $38/sh COMS is trading at a P/E=19 as measured by VL (two trailing quarters plus two future ones). It's difficult to see this as so underpriced that zero earnings would have no impact although it may indeed be a small amount under priced. My apologies if I've misunderstood your intent. Bill