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

To: TCGNJ who wrote (14932)	3/25/1998 1:58:00 PM
From: Ty	Read Replies (2) \| Respond to of 45548

Institutional support is holding up this stock. Use this chance to get out while you can. It might even go up a little tomorrow but in a couple of days it will start dropping. For example, see MU. They came out with a terrible earnings report and the stock stayed afloat for a couple of days but now it's headed downwards. If you like this stock, you can always buy it back on the dip. I'm not sure what the CC means when they said things look better next quarter. Sure they have fixed the inventory channel problem but it seems like they are still experiencing weakness in the hubs and routers side. Demand for their modems has been weak but the situation might improve with the agreement to a 56k standard. Overall, it looks like they will experience pricing pressures and lower profit margins. Not exactly a rosy picture.

To: TCGNJ who wrote (14932)	3/25/1998 3:08:00 PM
From: Rudy	Read Replies (1) \| Respond to of 45548

Yep, I got out too. I would like to take this opportunity and thank to the people who artifically slowed COMS fall :-) I took a very small loss and saved myself the heartburn of watching this dog quarter after quarter suffering. Maybe I pick it up again around 20 :-)

To: TCGNJ who wrote (14932)	3/25/1998 7:04:00 PM
From: Dakota Sullivan	Read Replies (2) \| Respond to of 45548

When money is pouring out of stocks, it comes out of everything, no matter how solid the fundamentals. When money is going in, the opposite. That noise you heard today were the analysts looking for excuses to dump some dough into COMS, now that LU, CSCO, MSFT and other first tier tech names are stratospherically expensive and their fund still has a bazillion bucks on the sidelines (and coming in after April 15 to new Roth IRAs). COMS is one of the last cheap (not really, but relatively) household name tech brands. This "earnings picture clearing" stuff gives license for institutional position building, re-shuffling of funds. My broker says SSB started rotating money into new COMS positions as of Friday.