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

To: craig crawford who wrote (11047)	12/1/1997 11:52:00 PM
From: Bob Zacks	Read Replies (2) \| Respond to of 45548

2 billion in revenues for cable modems. Over how many years. If all goes well with the cable companies rollout , maybe 2 million units will be sold next year.Price will become very competitive so a unit will be under $200. That makes for a $400,000,000 market to be divided between all manufactures. Coms might get 50 million best case next year (realistically more like 30). This is the U.S. market only. I'm not familiar with the overseas cable market.Don't expect the cable modem market to really pick up momentum till 99.

To: craig crawford who wrote (11047)	12/2/1997 9:42:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 45548

What does that say about COMS? If it's so cheap then why doesn't anyone want to hold onto it in the face of such a great rally? Craig, It appears people are holding the stock. I am sure there are daytraders too. The stock has had a nice climb for the last three trading days. Hmmmm...wonder how it can go up?<G> Glenn

To: craig crawford who wrote (11047)	12/2/1997 9:52:00 AM
From: Norman Stone	Respond to of 45548

<< I suspect the selloff at close was the daytraders getting out.>> Agreed. I came in at 35, after the bottom of 29, and sold at 38 5/8, and turned around to short at 38 1/2. IMHO COMS will not hold above 40 without significant news. Investors are concerned about the amount of foreign holdings in the stock which might be pulled out in the current retrenching. The stock has to stay closer to its "non-spec" value until the Asian crisis is over, only because traders would rather wait around to pick it up in the twenties. Make no mistake about it -- the continuous high volatility of COMS is caused by a worldwide volume of short-term traders who know that any losses they incur are only temporary (time is money). Long term it's still strong. The USRX acq. looks to me less like current revenue and more like a long term play in cable modems. 3Com will always be a contender.