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

To: Finder who wrote (15529)	5/7/1998 3:23:00 PM
From: Pierre Aydin	Respond to of 45548

15:17 [COMS] 3COM FISCAL YEAR '99 ESTIMATE CUT TO $1.59/SHARE FROM $1.94 - DMG. 15:17 [COMS] 3COM 4Q ESTIMATE CUT TO 26 CENTS/SHARE FROM 23 CENTS- DMG.

To: Finder who wrote (15529)	5/7/1998 3:29:00 PM
From: Pierre Aydin	Read Replies (2) \| Respond to of 45548

15:19 [COMS] 3COM FY98 VIEW CUT TO 66 CENTS FROM 73 CENTS - DEUTSCHE MORGAN GRENFELL. 15:19 [COMS] 3COM FISCAL '98 ESTIMATE CUT TO 66 CENTS FROM 73 CENTS-DMG. 15:19 [BOBE] BOB EVANS FARMS BOARD OKS BUYBACK OF UP TO 1 MLN SHARES. 15:18 [COMS] 3COM DOWN AMID CONCERN ABOUT MODEM INVENTORY.

To: Finder who wrote (15529)	5/7/1998 3:59:00 PM
From: hitesh puri	Read Replies (2) \| Respond to of 45548

Well however much you guys hate it Rover just wagged his tail and crapped on the shareholders again. I think the 56k modem is long gone technology and noone care for it specially in light of cable modem and DSL. COMS has to take another write off. So much for future visibility and linearity of orders. -hitesh

To: Finder who wrote (15529)	5/7/1998 8:00:00 PM
From: Greg Jung	Respond to of 45548

< Wait for the lawsuits. > Finder I applaud your restraint from whining this time around. I don't think there will be lawsuits - this type of warning is exactly the type of thing that avoids lawsuits following earnings period. Also as to giving the scoop to analysts first, it is these same analysts who were upgrading the stock to raise it to this level. Deal with the Devil and you will live near hell.<g> This is the curse of USRX part III. USRX had a good product line-up, aside from the modems, that competed directly with the direction 3com wanted to move for its strength. If they could've avoided the valuation implied by the (streched) modem sales the stock could be at 50 instead of 30 today. It'll take a while for this to pan out, if it ever does, and meanwhile the fraction of sales of the higher end (which drove the price in Winter '96-'97 is diluted by a factor 2. Also the rate at which new shares are created via stock options is running at maybe 3-4% I suppose: when the earnings growth was in the 40-50% range it was hard to argue, now it is a bigger drain on the 20% (theoretical) growth. Likening the internet build-out to transportation infrastructure, 3com has left the interstates and main transport depots to Cisco etc. and concentrates on local roads and driveways. When the big projects have contracted there will be a lot of capacity in the backbone but general access will still be needed. So they say. Uggh! My first highways analogy! Beat me with a horse whip and leave me by the road! Greg