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


To: joe who wrote (20109)8/3/1998 8:46:00 PM
From: William Wang  Read Replies (1) | Respond to of 45548
 
SG Cowen Morning Call (617-946-3700)

Ascend - Stong Buy
.......

3Com - Buy
FQ1:99 on track. Systems biz stronger than expected on strong new low-end produces and 3500 ramp. Adapter card biz on track for falt Q. Modem weakness in Europe only question mark. About half of FQ1 biz to be shipped in August, as is typical for Q1. Price target $37 (22x C99E EPS)



To: joe who wrote (20109)8/3/1998 8:49:00 PM
From: William Wang  Read Replies (2) | Respond to of 45548
 
To All, don't take so seriously on Cowen's upgrade. "Sell on upgrade & buy on downgrade" seems work for 3Com.



To: joe who wrote (20109)8/4/1998 12:33:00 AM
From: blankmind  Respond to of 45548
 
It could be that they're upgrading because the valuation
is so pathetic...not because they think the company
has improved in some way.
- joe

turning a bit cynical? most likely the days we saw accumulation, they were part of it, and are about done, so time to upgrade.