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: Dwight E. Karlsen who wrote (11538)	12/4/1997 7:19:00 AM
From: Paul Bush	Read Replies (1) \| Respond to of 45548

It is amazing to me that people are buying COMS at these prices. The channel stuffed with inventory. Why, because the modems aren't selling. On top of this prices are falling, margins are being cut and COMS is making less money. If they clear up the inventory problem, will that make the modems sell any better? Agreed they will be able to better guide the analysts numbers, but will it be up or down? Last quarter Eric B. gave rosy prospects about COMS business and outlook for the future. What happened? IMO, COMS bounced back today because the MM are manipulating the stock so they wouldn't lose their shirts. If this stock were on the NYSE, it would have been crushed yesterday. This stock will certainly head lower. COMS will take at least a few quarters of analysts lowering numbers before they will meet or beat expectations again. During this time, the pessimism will build and investors will start to bail as the stock sits dead. Craig is right. COMS will test it's 52 week low before all is said and done. Yesterday morning everyone was patting him on the back. By the afternoon, they were on the attack again. Don't be suckered in by yesterday's action. Use the gift to get out.

To: Dwight E. Karlsen who wrote (11538)	12/4/1997 10:33:00 AM
From: Bingo Boy	Read Replies (1) \| Respond to of 45548

My comment: 3COM CORP (35-11/16, up 3/4 @ 9:40am EDT) has been named in a shareholder lawsuit, which claims the company misled the public about the market for its modems. Law firm Bernstein Litowitz Berger & Grossmann LLP said the suit was filed on behalf of purchasers of 3Com stock between May 19, 1997 and November 6, 1997. The complaint also alleges that top executives at 3Com sold shares of stock with prior knowledge that the company's public statements about modem sales were false and misleading. (Reuters 06:49 PM ET 12/03/97) For the full text story, see infobeat.com This is not good ! Bingo's Shadow