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

To: eDollar.com who wrote (10898)	11/29/1997 6:40:00 PM
From: Xpiderman	Read Replies (1) \| Respond to of 45548

Meng, and all: A nice comments from the Fools: 3Com (Nasdaq: COMS) (N) (S) enjoyed a bounce to end the week. Last week Hambrect & Quist analyst Farrokh Billimoria lowered his fiscal '98 earnings estimate from $2.29 per share all the way down to $1.79 per share, citing high inventory levels and a slowdown in Asia. The mean earnings estimate still stands at $2.28 per share, and the stock trades at 15.7 times that estimate. It trades at 20 times the much lower estimate of the Hambrecht & Quist analyst. The stock is now at $36, up from $30 two weeks ago. At $30 the stock had a market value of $9.7 billion when you subtracted out the company's cash, putting it at 2.4 times trailing sales of $4.03 billion. Put another way: it wasn't expensive. In fact, a large company interested in getting into the networking business in a big way would probably see that price as interesting. And here is some COMS' fundamental data, as you can see COMS is trading at relative lower P/E historical range. 92-93 93-94 94-95 95-96 96-97 97-98 98-99 Aug $0.05 $0.11 $0.21 $0.29 $0.43 $0.48 $0.60 Nov $0.07 $0.16 $0.28 $0.34 $0.50 $0.44 $0.64 Feb $0.08 $0.20 $0.32 $0.39 $0.43 $0.52 $0.67 May $0.11 $0.20 $0.35 $0.43 $0.45 $0.60 $0.71 Year $0.31 $0.67 $1.16 $1.45 $1.81 $2.04 $2.62 Yr/Yr n/a 116.1% 73.1% 25.0% 24.8% 12.7% 28.4% Historical P/E Range: High 41 79 36 44 52 45 Low 28 16 17 25 23 13 Meng, what is your take on COMS? Buy now or wait till its earning report??