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

To: Glen McGlaughlin who wrote (10623)	11/21/1997 2:25:00 AM
From: GS_Wall Street	Read Replies (1) \| Respond to of 45548

People just don't get it. AMAT was looking at lowering earnings over a year ago, the market knew thier technolog was solid but because of the DRAM slump AMAT had slowing orders, the stock rebounded 6 to 12 months ahead of the earnings improvement. This is were COMS is now setting itself up. The street will start to look ahead 6 months and after the inventory correction is done this stock is CHEAP!. Remember buy low and sell high. COMS is now historicaly low. Good Luck

To: Glen McGlaughlin who wrote (10623)	11/21/1997 11:41:00 AM
From: craig crawford	Read Replies (5) \| Respond to of 45548

<< CRAIG-COMS even with the reduced earnings is trading at under a p/e of 20.There is no way that this baby is going lower; I challenge you to give us three solid economic reasons why you think 3COM will go lower. >> What do you mean economic reasons? I think I might now what your getting at. Margins are coming down hard in remote access-----FACT. Intel is agressively pursuing COMS adapter card business again----FACT. Modem shipments are decreasing due to standards issues and high channel inventories-----FACT. Asia slowdown will hurt COMS sales (the company admits it)----FACT. There are flaws in some of COMS products that will cause delays in shipments----FACT. There is increasing competition/decreasing prices in LAN switching.----FACT The market has rallied 800-900 points and will be due for a rest.----FACT Insiders have stepped up their selling lately----FACT COMS is going to miss this quarter and guide analysts lower for the next several----FACT