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

To: joe who wrote (18944)	7/9/1998 8:23:00 PM
From: Steve Porter	Read Replies (1) \| Respond to of 45548

Joe, I agree with you with respect to the fact that this stock is being validated. Actually I like when things like this happen. I am in COMS right now at a basis of 23.80~. Stock picks like this make me feel like I am way ahead of the curve ;-).. BTW: I found out an old friend of mine is doing research (sorta, more like market research) at AT&T. I've got a request into him to see what their ADSL and Cable plans look like. Steve

To: joe who wrote (18944)	7/9/1998 11:42:00 PM
From: Mang Cheng	Respond to of 45548

Joe, I don't have much insight with regard to the intra-day up/down/ block trading ... stuff like that. But I think as long as it's up on heavy vol and down on low vol, it should be ok. But intra-day stuffs are too erratical and random so I don't waste much time on them. I noticed that most of the time when a stock goes up or down drastically intra-day, it's usually totally due to the up and down of the market or some external factors. I have long noticed that the up and down of coms tracks the up and down of semi sector very well - they almost move in lock-steps. The box-makers and Intel rise these couple days should be good news to coms. I guess the relationship is that if Intel's doing well, then box-makers are doing well, if box-makers are doing well then coms selling modems and nics will be doing well. If Intel goes up due to decent earning next week, coms will follow. But due to next week's option expiry, coms will stay around $30 if nothing earth shattering happens. The following explains why box makers rise these days : ************************************************************** PM July 08, 1998 PCs rally Shares of PC manufacturers burst forward amid optimism for a recovery in the second half. Dell (DELL) rose 5 3/8 to 96 3/8, IBM (IBM) climbed 1 1/8 to 115, Hewlett-Packard (HWP) rose 2 5/8 to 61, Compaq (CPQ) added 3/4 to 29 7/8 and Gateway (GTW) gained 3 1/4 to 59 3/4. Piper Jaffray analyst Ashok Kumar believes many Wall Street analysts are hopeful of growth in the second half since that's typically the season when sales pick. According to Kumar, analysts expect second-quarter worldwide PC revenue to increase 10 percent from year-ago levels, while remaining flat sequentially. This would show some improvement over the first quarter, when sales fell 14 percent sequentially. Nevertheless, Kumar remains cautious on the group. "Trying to forecast even a quarter ahead in these market conditions if like looking into a crystal ball," Kumar said. Chips shift gears Chip makers rallied on positive analysts comments. Intel (INTC) rose 3 1/4 to 78 3/8 as Morgan Stanley analyst Mark Edelstone said he expects the company to meet or beat estimates for the second quarter. Goldman Sachs analyst Joe Moore also spoke positively about the company, saying he expects forward guidance of slightly higher revenue and gross margins with more improvement later in the year. Programmable logic manufacturers also gained ground on ana cbs.marketwatch.com Mang