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


To: joe who wrote (19601)7/24/1998 1:06:00 AM
From: FUZFO  Read Replies (1) | Respond to of 45548
 
Guys, Times like this its useful to remind us why we bot COMS. After last quarter it seems they turned the corner, per many analyst upgrades, if they give 2 or 3 consecutive Q's of predictable earnings, the street will reward them with projected PE's of 40 and above (ASND). From First call earnings est, COMS has a projected PE into FY99 of 23 (21.3 based on todays close and FY99 mean est $1.29)
ASND has a forward PE about 44. How quickly ASND and COMS reversed roles in this past 9 months or so.
from first call:
Earnings per Share Estimates
ÿ
#ÿAnalysts Mean Highest Lowest Proj P/E
Quarter Ending 08/98
26 0.21 0.27 0.18 --
Quarter Ending 11/98
25 0.30 0.34 0.24 --
Year Ending 05/99
28 1.29 1.50 1.08 23.00
Year Ending 05/00
16 1.95 2.52 1.65 15.20
5 Year Growth Rate
15 22.40 40.00 9.00 --

Fuzfo