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

To: W.F.Rakecky who wrote (21518)	9/15/1998 5:47:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

To All: From Barfing Bags.com. The stuff they spew out gets worse and worse. By the end of this month, we shall see what they have to say. 3COM CORPORATION (COMS) 30 1/16 +2 5/8. Nothing to report here except rumors. Networking company 3Com Corp. (COMS) stock jumped from under 25 on Thursday to over 28 on rumors that Intel (INTC) was looking to acquire the company. Those rumors are back today and driving the stock higher again. Frankly, COMS could stand to be taken over. Profit growth for COMS has shown a bit of life lately, but can generally be described as stagnant. In the most recent quarter (May) COMS earned $0.17 per share. That is significantly less than the $0.32 per share they earned in the same quarter in 1995 - three years earlier when they were a high flyer. Revenues in the most recent quarter were basically flat from the prior year. So, while optimists can look to new profits, better management, etc., shareholders may also look favorably on any offer for the company. The stock, which hit a 52-week high of 56 3/4 in October, tanked late last year and has drifted slightly lower since. In recent weeks, it has been on a roller coaster ride with occasional bouts of optimism being beaten back with doses of reality. Today, the question is simply: will they get bought out and at what price? If not, will the stock drop back to $25? Definitely a "Story Stock" today, but solely as a result of takeover rumors.