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

To: matt fahy who wrote (22317)	9/26/1998 1:49:00 AM
From: Mang Cheng	Respond to of 45548

"FiberTel-TCI Expands Cable Modem Rollout In Argentina" "Operator Offering Telco-Return Service to 1.7 Million Homes Passed in Buenos Aires Using 3Com Platform" Cablevision S.A. and its subsidiary FiberTel-TCI have launched telco-return cable modem service to 1.7 million homes passed in Buenos Aires, Argentina using 3Com Corp.'s DOCSIS-based Cable Access platform. It is the single largest telco-return deployment on record. FiberTel has been offering two-way cable modem service in Buenos Aires since August 1997 using Com21 Inc.'s ComUNITY Access system. The company's two-way Dynamo cable Internet service is now offered to more than 400,000 homes and counts 1,300 subscribers. Buoyed by its initial success, FiberTel is using telco-return technology to expand its rollout. "Only 25 percent of Cablevision's plant in Buenos Aires is two-way," said Ken Hood, director of international business development for 3Com's Cable Access group. "Telco-return provides a means to quickly build critical mass for their high-speed Internet service." FiberTel's residential Dynamo telco-return cable modem service is priced at $69 per month, while two-way service is $99 per month. Both packages include unlimited Internet access and cable modem rental. FiberTel also offers flat-rate dial-up Internet access for $29.90 per month. Paul Childers, FiberTel's director of marketing, says the telco-return deployment will enable FiberTel to quickly establish itself as Argentina's leading broadband Internet player. "This makes us the first provider of a high-speed Internet access product on a broad-based level. There are no ISDN lines here or any other high-speed access products," said Childers. cabledatacomnews.com Mang

To: matt fahy who wrote (22317)	9/26/1998 11:45:00 AM
From: John F. Dowd	Read Replies (1) \| Respond to of 45548

Matt: It would appear that the sellers according to Cramer were those who were flipping out because no takeover announced before the end of the week. However these kinds of announcements usually take place over the weekend and actually one would expect them to come in on a Friday which they apparently did late in the day. My guess is that the flippers are in and so are the value folks like Cramer and you and me. JFD

To: matt fahy who wrote (22317)	9/27/1998 8:32:00 PM
From: joe	Respond to of 45548

Matt, >>Was JC answering both questions Yes or one of them, can you tell? And if he thinks there were flippers from takeover chatter, did flippers expect to get announcement on earnings day, because the rumours are still out there?<< Here's my take on interpreting what Cramer has to say. 1) Interesting that even he is stumped by the behaviour of this stock. I take it as an admission of how hard it is to figure out COMS action on a day to day basis. 2) He figures that due to the INTC rumors, a lot of people got on board for a quick ride, just before the earnings announcement. Remember, 1/2 hour before close, there was some bailing out. But most of it happened the next day. IMO, I underestimated the number of traders and flippers (whatever you want to call them). They were involved not just because of INTC rumors, but because COMS had gone up a lot since it was down around 23 a few weeks before, relative momentum was strong, and it was apparent that earnings would be good. IMO, I underestimated the number of momentum people on board. But I still believe the value people are interested, they will just wait to buy on dips. 3) About INTC rumors, he doesn't say anything. He lets the tape tell him what's going on. He won't assume something, unless he's sure of it. And nobody is 100% sure of INTC buyout of COMS. Plus, Herb Greenberg, who he has a lot of respect for, strongly implied something was up with INTC, so Cramer will not categorically deny a takeover. One thing that's important, is that the price of COMS went up a lot again on Friday. AND, again we had INTC rumors. If they are not true and somebody is playing with investor's emotions, we can possibly expect that COMS price will oscillate a couple of points every few days. This would allow the "smart money" more opportunities to get in - buying on dips. This would be better for them than if COMS shot up straight to 38 or so. This may be possible if the FED raises rates strongly, but then COMS would be valued at a higher price - low 40's IMO. Anyway, if you're looking to get in or trade, I suspect we will see COMS going up and down (one tip will be if we hear INTC rumors, which I think are planted), but overall making steady progress to 38. Also, next month, preannouncement month is over, so who knows how much things ramp up if there is good news in the market to focus on in combination with rate increases. JMO as usual. joe