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

To: Glen McGlaughlin who wrote (10496)	11/18/1997 5:04:00 PM
From: dougjn	Respond to of 45548

Yes, Coms is a buy in the low 30s. It has stopped its relative strenght collapse. Of course, no tech is immune to the Asian flue. But the surprise is also out of that story..... Doug

To: Glen McGlaughlin who wrote (10496)	11/18/1997 5:32:00 PM
From: Ryan Plovie (Hijacked)	Respond to of 45548

Earnings will not matter unless they have an upward surprise, the bad earnings forecast is already factored into the stock. I think 30 is the bottom. Look at all of the positive feedback on new products, I just think they had a little slip this quarter. I think they will make it up in the quarters ahead, providing market is stable and the world markets are stable. /

To: Glen McGlaughlin who wrote (10496)	11/19/1997 7:19:00 AM
From: Paul Bush	Respond to of 45548

Glen, I agree with you that long term COMS will do well, but I think you will be able to pick up shares cheaper. I don't think COMS has found a bottom yet. Too much uncertainty in an unstable market. If COMS misses their number, it will surely fall further and anyone who thinks that it won't because it is already built into the price will be in for a very unpleasant suprise. My comment about a Vegas crapshoot is purely short term. This stock could go either was based on earnings and the future outlook given by management, but I don't think the upside potential is as great as the downside risk right now. Everyone who it buying this company based on PE is looking at analysts best guestimations for the future. Based on the stock price right now, a great deal of money believes those numbers will not be met.