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


To: joe who wrote (22293)9/25/1998 1:50:00 PM
From: drsvelte  Read Replies (1) | Respond to of 45548
 
FWIW, from Briefing.com:

"08:51 ET 3Com Corp (COMS) 30 7/16: Networker receives bullish write-up in Business Week. According to Tom Galvin, a money manager at Forstmann-Leff Associates, stock worth $37-$40 based on earnings growth alone. An unnamed hedge-fund manager who has been accumulating the shares thinks either Lucent or Intel will acquire the company this year. Thinks stock worth $50 a share in a buyout. COMS shares indicated 7/16 lower this morning, due to overall market weakness. Money manager argues that Lucent needs COMS technology to "fill gap" in enterprise networking."