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

To: Box-By-The-Riviera™ who wrote (20102)	8/3/1998 4:13:00 PM
From: hitesh puri	Respond to of 45548

No, I think the Nasdaq would bounce off close to 1800 which would represent a healthy 11.5% correction and that was the resistance in the past six months. Dow on the other hans needs to go around 8500. Investors are realizing that they were paying too much for "safe" names which are not safe anymore because they are blowing up from Asian woes. G, PG etc.. are seeing money flow out into technology since the latter has already corrected in the past 4-5 months and some names have better visibility going into 2H98 which is a stronger period for the US and European tech markets. With regards to our skunk COMS we need to see earnings growth accelerating. This is the primary driver in the networking market except for the leader. As COMS starts meeting estimates and even beats it (now that there are better comparisons and lowered expectations) there will be a marked premium to its PE and the stock will improve very rapidly. -hitesh