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


To: jim bender who wrote (18029)6/23/1998 9:52:00 PM
From: joe  Respond to of 45548
 
Jim,

I'm not sure what logic or math you're using.

You might be doing the folloing:

P/E = 30./1.27 ~= 23.62 for '99 growth.

IMO, this is pretty low P/E for 20% growth and long-term
interest rates around 4.75%.

Plus, the above are low ball estimates, as a result of
successive earnings revisions. Soon as COMS starts
turning around, those estimates will go up.

>>Looks like COMS may not cross $30 for long time.
I hope I am wrong.<<

If they screw-up tomorrow, you may be right.
-joe