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

To: matt fahy who wrote (21179)	9/2/1998 6:49:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

matt, >>BTW, I was conservative w/ 20k and we sold about 5k to a Turkish man who came over from Turkey and we shipped them back to Turkey for him. We had never sold outside of this country before, so again, another interesting trend, international sales of modems probably ramping up nicely as well.<< yeah, I expect 1999 to have tremendous global sales of modems. Eventually, it will be the largest distribution of modems ever world-wide. Interesting that Eric B. was in China and got some deals going. Basically, he got his foot in the door to a bunch of places. Well, yesterday, my roommate who has been in Hong Kong for the last 6 months came back for a few days. He speaks Chinese and English and has a background in Networking and computers. Anyway, he says that he is working on a Nation wide project in China that will create an Internet-telephone system. This blew me away. Only a place like China could mandate a nation-wide project like that with 1 Billion people. He says China doesn't have much money, but they are very crafty at creating deals where they get the supplier to build the infrastructure and have rights to the profits for the next 10 years or so. Anyways, all I could think of was a China-wide internet system. Since they don't have lots of money, they will have to use lots and lots of inexpensive 56K modems. 3COM is the #1 networking company in China. It holds the most market share of any networking company. Notice when Eric B. talks about SE Asia, and when John Chambers talks about SE Asia. Big difference!! One sees a lot of immediate potential, and the other sees that there needs to be a major healing process before much business can be started over there. Of course, got to focus on the next few quarters, but later on, who knows what will happen. joe