Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Pikewest who wrote (11145)	12/2/1997 5:51:00 PM
From: Buckeye	Respond to of 45548

Ests were cut to .45 two weeks ago not to .09

To: Pikewest who wrote (11145)	12/2/1997 6:39:00 PM
From: Valentino	Read Replies (1) \| Respond to of 45548

My $.02 RE: Nasdaq Resumption - 3Com no first sale(12/03/97) I can't believe what a bunch of crooks run the market. Analyst Eric Blachno of Bear Stearns hit this inventory writedown story right on the money about a month ago (whenever the stock dropped from the 40's to the 30's). I tended to discount his opinion since no one from 3Com commented one way or the other. I believe SEC law requires public companies to inform their shareholders on material issues effecting the share value promptly; this did not happen!;however, someone at 3Com must have fed analyst Blachno information about the seriousness of the inventory problem and 3Com's intended response to it (write down!) weeks ago. Very Fishy! Justice would be served if the SEC investigated how Mr. Blachno developed his information, and held all the collaborating accountable. I feel sorry for all you 3Com longs out there (I'm out). Tomorrow 3Com is going to take a major hit and there's not much you can do. I've become a shortseller for the time being. Valentino