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

To: joe who wrote (21185)	9/2/1998 10:29:00 PM
From: FUZFO	Respond to of 45548

>>increase = $.64/1.29 = 49% earnings growth Y/Y<< I'm not sure if the above is right. Joe, the discrepancy is in that I used Zacks FY2000 estimate of $1.93 versus First Calls $1.95. I know its early to count on these numbers but that is what the market has done for ASND stock for instance they are expecting only $1.20 for this years (FY98) earnings and the stock has been as high as $55? Thats a p/e of 45. This is the reward for executing 2 quarters in a row. they were in the dog house bigtime until Q1 (Jan-Mar) of this year. So basically after only reporting twice, in March and in July, they have been rewarded for consistency and above all earnings visibility. Now before I get told this is the COMS thread not ASND I will point out that COMS situation is shaping up (earnings wise) to be similar, and once these big networking stocks turn around after 2 or 3 good Q's the price can easily DOUBLE. In this case if Coms hits say $.23, .30, .35, and .41 for 1.29, they will have met the analyst expectations and make the analysts look like geniuses and they will be rewarded with a p/e of 45. Throw in some good buyout rumors during Oct-Nov timeframe and the price can move upward pretty quickly. Fuzfo