1)  I agree mostly with Mang, that this move looks more
market related than anything else:

    -  techs are suddently turning tail, people see 
       DELL get a good earnings report and 
       then drop ~$10. ???
    -  MSFT and INTC dropping; these are the supposed 
       tech market leaders!!  Any tech stock is suspect
       at this point to be beat down - good earnings or
       not.  The drop we've seen in just these two stocks
       alone can be called a market correction considering
       their weighting on the Nasdaq index.
    -  MM's have been calling a market correction for a while
       now, so eventually it'll happen to some degree, because
       the Street is self-fullfilling(sp?).  Then again
       the market is pretty schzoid as of late, so who knows
       what's next with the market.
    -  Fed comes out with the Minutes of the last FOMC meeting
       and it shows an 11-1 vote in favor of raising interest
       rates. 
    -  Indonesia has a change in leadership (yet nobody really
       knows who the leader is yet?)  
    -  Greenspan says this morning that Asia problems haven't
       hit us yet - that there's a delayed reaction from the
       time markets & currencies drop to the time US economy
       gets hit.  In other words, he believes there's going
       to be a good slowdown  (yet he says beware of inflation...)

 With all this hitting us now, who would want to buy anything,
 much less COMS?? 

 I think, since there's so much uncertainty because of
 above, that most traders and
 the market are closing up/protecting their positions, and 
 waiting until after the 3-day weekend, to see
 what the story is.  World events seem to be too risky -
 maybe it's time to take a break...

 
2)  The good news (if any - trying to stay positive)

  - low volume going down.  I agree with blankmind.  This
    doesn't seem like a selloff.  IMO, we would have
    seen lots more volume.
  - the COMS chart looks like the charts of most of the big
    tech stocks and the Nasdaq index - so it's not
    COMS specific.
  - if we go down to 20-25, there seems like there will
    be bargain hunters, from some of the responses of
    the thread.
  - as long as COMS keeps dropping on low volume, the
    rebound will be pretty fast.
  - we haven't heard any COMS specific bad news except
    for the CFO talking with DMG (if you want to call that
    bad news)
  - earnings revisions makes all the ANALysts look as ignorant
    as we are.  They have no clue about revenues and earnings,
    just like we don't.

3)  It seems to me, that the biggest problem is that Eric B.
    is not giving anybody any guidance.  I would think that
    most MMs are tired of that, and just assume the worst
    from COMS.  

4)  With this scenario, IMO, shorts have the edge.  If buying
    is at least temporarily postponed, shorts will just keep
    edging the stock down more and more.  Hopefully, the low
    volume will eventually work against them.

5)  ONE HOPE FILLING IDEA -  Probably, this Fall, the network
    sector is going to see merger mania.  If COMS is at
    it's present price, it will be very 'juicy'.  Even if
    COMS gets back into it's former glory, it will still
    be considered a prime candidate for merger.  REMEMBER,
    COMS is NOT JUST a Modem company, and all good companies
    know this.

Still a die-hard long, because I think this company has
a lot of long-term value.

joe