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

To: William Wang who wrote (19271)	7/17/1998 3:02:00 AM
From: joe	Read Replies (2) \| Respond to of 45548

EVERYBODY!!! This is very interesting: << Upgrade from Credit Suisse First Boston By Weinstein, Paul COMS: Strong Buy CSCO: Strong Buy BAY: Not Rated CS: Hold << This is the same guy who caused ALL OUR MISERY last May 7, (remember that day?...when it seemed we were the last ones to know the news...) when he talked with the CFO and somehow concluded that margins would be hurt; since then we've found out that margins have done better than expected and will continue to do so. Immediately afterwords, we broke long time resistance of 32 with HEAVY volume, and started our 'surreal drop down the bottom of the pit'-- 30%+. This guy is AN AXE. Another words, when it comes to 3COM ANALysts they listen to this guy first. NOW he figures out that there's NO PROBLEM? ON OPTIONS WEEK? A MERE 2 1/2 MONTHS LATER? THANKS ALOT FOR ALL YOU HELP SSHL!!! (Of course why should I complain, these guys don't work for us) ------------------------------------------------------------ Cramer of TSC* had an article on him: (seems P.Weinstein has changed jobs since then, anybody recall this?) Message 4378225 Wrong! Dispatches from the Front: Cramer Grapples with the 3Com Confusion By James J. Cramer 5/8/98 9:11 AM ET Damn this 3Com. I don't think I have ever, ever been so soundly whupped by a stock since Ascend tanked from 75 to 59 last year. Yet, it's not the drop that kills you in this stock. It's the potential. And that potential is nothing but torture. Because it bleeds you to death while you wait for it to turn. Take Thursday's action. A seemingly insignificant "adjustment" for 3Com's quarter, by Paul Weinstein, the DMG analyst who is closely followed on the stock, an ax if you will, sent the stock into a volume-choked black hole, down two and change. Oh, I know Wall Street's euphemisms. An adjustment is like saying someone's "passed on" instead of saying someone died. A number cut is killer for most tech stocks I follow. But it shouldn't have been for 3Com. Last week, when I saw the company at the H&Q technology conference in San Francisco, management presented the exact same case that Weinstein laid out, warts and all. This time, though, the news was not outlined in the rosy hue of San Francisco's St. Francis Westin Hotel. It was dumped on us in the stark, harsh light of the Deutsche Morgan morning call, and it was done by an analyst who knows his stuff, in a tape that has suddenly gone limp and ragged. No spin; just bad. . . . . . . . --------------------------------------------------------------- Anybody have any extra info to make more sense out of this! (Besides the fact that WS is as crooked as can be...) Let's just hope he's as good at sending the stock up as he is sending it downwords. That will be a real Houdini trick.... CRAWFORD: Now you know why CRAMER can't let go of this stock. He senses a winner!! joe