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

To: vegetarian who wrote (11508)12/3/1997 10:51:00 PM
From: Dick Smith  Read Replies (1) | Respond to of 45548
 
M. carter's "food for thought" - I don't agree.

Over in the ASND thread, M. carter posted this:
exchange2000.com

I'll try to summarize his thought-bite: Ascend investors are smarter than COMS investors because they heeded an earnings warning, and fled the stock, driving down the price. COMS investors haven't run.

I don't agree. ASND investors did not seem to have any advance about the ASND earnings issues (even though some of us wondered about costs of the K56 upgrades, and burning MAXen, and so forth). There seemed to be shock. Further, a strong feeling against management developed, and was mentioned widely in some media. (No, I don't mean this thread on SI... I mean widely circulated media.)

COMS investors have been wondering about costs of the USRX merger since before the stock fell from the 50s. Now, there isn't all that much bottom left (I know, Craig, you don't agree). There has been a lot of commentary on inventory in the channel, and the market has already accepted that there was going to be some kind of hit. But COMS investors remain convinced that the company has value, and will move forward.

The way to figure who is right about these things is not to see who can post the most times, but to put your money down, and then wait. In the meantime, we try to understand both the technical issues, and the weirdness of the market, as best we can.

Dick



To: vegetarian who wrote (11508)12/4/1997 7:35:00 AM
From: Beachbumm  Read Replies (1) | Respond to of 45548
 
First, that is probably the most worthless post I've seen on this thread. Thanks so much for sharing it.

Second, there are no COMS "bulls" anymore. We're all just walking wounded.

Third, as I look upon the devastation of ASND and COMS, I'd much rather be saddled with the COMS. ASND will prove to be no phoenix. But I hear there are a number of uses for ashes.

Beachbumm


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