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

To: Captain Jack who wrote (18039)	6/23/1998 11:59:00 PM
From: joe	Respond to of 45548

john, I hear you! >>Good numbers will see us over 28 and rising... great numbers and we will be over 30 - 32 quickly.<< About a 2 or 3 weeks ago, weren't you thinking that good numbers would get us to 35 again? Sounds like you've gotten a little more pesimistic? - not meant to be critical, just asking. The reason is because I've detected this in other peoples posts also - I think. I think it's because for the last month, earnings revisions have been going down. But if COMS shows a decent report, AND VISIBILITY with modem sales, then later on in the quarter those numbers will be revised upwards...we'll just have to see what the cc says. There's all kinds of stuff that can come out of it. It seems to me, that if a stock is beaten up badly enough, then just any measly sequential growth will be enough to make it go up. But, maybe tomorrow's numbers, if good, will not be seen as sequential, so maybe it depends on the COMS spin control - which will be hard because of public skepticism.... John, if you see a bad number, are you dumping immediately? I guess you can come back a quarter or two later if you see that the tide has definitely changed. But then again, if a bad number comes out, then COMS may be merger bait. Would you hang around for that? I'll bet by this August or September, merger fever will be stronger than ever. Seems to me that the price is cheap enough already, where the company itself can be sliced and diced, and sold in various combinations, keep the good, throw away the bad. >> After 2 bad sets of numbers it is hard to get people to trust in a company and they have to prove they are good and the good numbers are not a fluke--- harder and more time is required. That eliminates the traders and institutional buyers... that eliminates the momentum players and the price languishes if it is lucky,,, if not lucky a steady slow, hardly noticable decline.<< This sounds like where we've been this last month. Have you ever been in a stock that 'languishes' as you said? It must be in extremely pitiful situation, just waiting for nothing else but to be bought out or become a penny stock and rejected by the NASDAQ board (if that's how it works). >>serious mgmt changes << I can't wait till they hire a new COO. I've heard they're close. Maybe they'll update us on this tomorrow. Forgive me if this post makes no sense, gotta get some sleep and face the news tomorrow Good luck, joe