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

To: Scott Lerner who wrote (14986)	3/26/1998 6:41:00 PM
From: Eric	Read Replies (1) \| Respond to of 45548

Scott you echoed my thoughts exactly! PE of 3Com here means absolutely nothing unless one looks at the reasons why. I am frankly surprised how well the stock held up the last few days, that's very bullish going forward with the new business plan! Eric

To: Scott Lerner who wrote (14986)	3/26/1998 7:06:00 PM
From: Michael Ohlendorf	Read Replies (1) \| Respond to of 45548

Scott could you please number some of these new products. Ethernet cards have become cheap and a very low margin business. 3Com has strong competition there. Modems are not selling like hot cakes anymore as they did when all the Internet hype started. Could you be a little bit more specific with regard to the new business plan. Are they going to attack CISCO or ASCEND ? Unfortunately the way I see it is CISCO and ASCEND eating into 3Com.

To: Scott Lerner who wrote (14986)	3/26/1998 7:09:00 PM
From: Mang Cheng	Read Replies (1) \| Respond to of 45548

Scott, today action showed very strong Institutional support as I posted yesterday. The chart still looks perfect so far. The next hurdle is the $38 resistance level. It'll be at $42 if it can beats $38 handily in the next couple weeks. I cannot explain why coms should break-out - TA doesn't care about that. But of course, the catch is if it doesn't break-up it will break-down ! Mang

To: Scott Lerner who wrote (14986)	3/27/1998 4:01:00 PM
From: Don Bebout	Read Replies (1) \| Respond to of 45548

Scott says <<The stock has been a piece of shit for a long time - it is not at highs. Disregard P/E. P/E's are meaningless on turnaround tech plays...I guess if we all followed your style we would have bought MU on their killer earnings a couple years ago when it hit 95. Things really looked great. The only problem was it dropped right to 18.>> I thought the same thing when MU went from 95 to 55...and again at 45...finally sold at 30 and watch it go to 18. Good luck, Don