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

To: hitesh puri who wrote (11014)	12/1/1997 5:16:00 PM
From: DRRISK	Respond to of 45548

Hitesh, Your remark as to the drop in modem sales is right on. You have identified the classic possum on this stock. The accounting process will be straighten out but still no discussion of Pilots. This is amazing to me and is the cherry on top of this stock going to fifty by the new year. Short Squezze anyone? at 13million I wonder what happen today on this issue any insights would be appreciated. DrRisk long and prepared to buy on the dips

To: hitesh puri who wrote (11014)	12/1/1997 5:19:00 PM
From: Marcel	Respond to of 45548

<<What that precious writer of the Barrons article failed (as usual) to tell the real reason for the $ 15 million sales figure was that 3Com management puposely depleted inventory from the channel and did not count that as a sale. Its the difference in accounting methods which the two companies USR and 3Com adopt that led to this outlook.>> Didn't the author specify April and May sales figures? And they are still "concerned" about high inventories...What does that say about sales going forward? I'm I wrong to be so concerned by this? As much as I like to dream, the more I look at it the less I seem to be convinced by it... Regards

To: hitesh puri who wrote (11014)	12/1/1997 9:43:00 PM
From: craig crawford	Respond to of 45548

<< C,mon. Can anyone seriously believe demand dropping off 97% within a quarter ?? >> Nobody suggested that demand for modems dropped 97%. The simple fact is USRX stuffed the channel so full (in order to look like they were the market leader) that they couldn't ship anymore. The standards war caused even more confusion and less demand. It is an undeniable fact that USRX only had $15.2 million in sales and sustained $160.8 million (!) in losses for the two months ending May 24th. Many believe that as long as COMS was going to just tuck those numbers away in a little footnote in the 10Q, they might as well just throw in a bunch of expenses, hence the large loss. Even sneakier, COMS said in their 10Q that part of the $426 million charge was for return of products previously reported as sold. Of course they didn't detail how much.