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

To: DRRISK who wrote (12659)	12/23/1997 11:27:00 AM
From: Thomas Haegin	Read Replies (1) \| Respond to of 45548

View on COMS DrRisk, you have asked me about what I think COMS will do from here. Well, according to my future-EPS dicaounting model that I use to get a rough idea what a stock is worth IMO, COMS seems fairly priced at about $31+ even with all the latest EPS reductions in place. If a stock trades at 2/3 of my Fair Value I consider it "really undervalued". But I personally doubt that COMS will fall to $20. It seems to me that at about $30, there a buyers supporting the stock price. I feel comfortable holding COMS right here. I'd be willing to buy more on falling prices to about $25. Based on what I learn here and elsewhere I get the impression that COMS is well positioned in pretty much all network areas, providing something like a one-stop place for networking equipment. Some other tech knowledgeables like Martin for example is long the stock too (Martin, please correct me if I'm wrong.) Gfrfan is long also, if I remember correctly. These are credible people to me. Sure COMS has it's problems with inventories etc, but this is part of why the stock is down. Management was not so good either in getting the messages across in the last few quarters. COMS are still the 2nd biggest networker in total revenues; it seems like BAY is getting close in enterprise stuff now. Financially they are very sound. The Internet and networking in general are here to stay, so the big trend is on their side. I'm not expecting any big run-up in the near future. I really don't have a view on where the low in the stock could be or whether $30 is the low. Hope this helps, Greetings an Merry Christmas, Thomas