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

To: Stockman_77079 who wrote (15290)	4/26/1998 4:32:00 PM
From: mp	Read Replies (2) \| Respond to of 45548

It was exactly a year ago around end of April/ beginning of May that 3COM made a run from 24 to 55+. I feel it might do the same, though not to the same level, this year for the following 2 reasons: 1. Perception that the stock has bottomed out. 2. Finally earnings start going up rather than down (not year over year, but sequential). My opinion is by mid-May, 3COM stock will be close to 48 after which a test of 40 followed by a run to 55 in August.

To: Stockman_77079 who wrote (15290)	4/27/1998 1:11:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

Stockman_77079, Are you the same poster as Stockman? Just curious? >>Joe, this looks like dead money for a while unless you are into quick in and out for the short term up and down. It seems to hang between 32 and 35. It will probably take great news to move it.<< COMS is a company that has a slew of new products. It's in a major transition mode. It won't take great news to move it. It just takes what it takes any company to start moving forward, after falling backwards for a while -- mainly, resuming a nice stable stream of earnings growth. Right now, the focus is on getting modems selling. IMO they will sell, if for no other reason being that's there's no other decent way to improve net speed for the home user. But because of all the standards war last year, there is some bad feelings about upgrading to new modems. This needs to be overcome, and I have confidence that COMS has some skill at marketing a new image. I think eventually, they'll start the ball rolling - nobody can tell for sure when. Also, I have a strong feeling that they're starting to sell their new NICs pretty well, and also other products (of the first wave). Like everybody else, I guess, we're trying to see what's starting to move, at what pace. To me, it's just a matter of when, not if. COMS is not just a MODEM COMPANY. It's a big mistake for anybody that thinks so. But, IMO, that's the long term part of the COMS investment. COMS is a company for the future, and that suits my style just fine. I'm not a daytrader - at least not consistently - because I have a regular job. Occasionally, I make some short term trades - partly for fun. But, anyway, I have noticed that it's possible to trade COMS between 32 - 36 or so. Sometimes, things get in the way like today's Fed fears, which I am by no means convinced is as strong a problem as the market is reacting to now. Asia/Japan will keep rates down. It's time for a new Fed if they do indeed raise rates this May - they are seriously losing touch with the world if they do so (IMO). To sum up: 1) Have to wait for one of the next 2 quarters for positive earnings rise. This is not considered great news; but on the other hand, many people will be very glad and anybody holding that stock will see a nice QUICK JUMP in the stock. It will go up fast at this point. For a trader, that's considered 'dead money'. For long termer, it's just business as usual. 2) Yes, I think this is a tradeable stock between 32-36, just have to be glued to your screen a lot... All the above is MY OPINION. Feel free to beat it up as much as possible. We can't make money unless we face reality, so ALL DEBATE IS WELCOME - THE MORE THE BETTER. Joe