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

To: FUZFO who wrote (23145)	10/23/1998 12:40:00 AM
From: joe	Respond to of 45548

Fuz, >>I am still watching coms since selling last fri. I still have some funds available and will be buying when the breakout happens , which I think is near.<< What do you consider the break out? To me getting out of $32 and being able to hold a few days is a decent sign...also volume was strong. Next major pt of resistance is 37-38 (IMO), but none of the way up will be a smooth ride, I think. >>BTW I saw you posting on CSCO thread...<< yes, I still own some CSCO, DELL, and MSFT...the usual money machines. I was entertained by the threads reaction to jach. The guy drives 'em nuts. >>I am conviced COMS is undervalued but will wait patiently for the breakout to occur, if I miss the first few days up I will wait to test the support at 32-33,and then back up the truck :-))<< Sounds good to me. Unless COMS breaks 38 real soon, I would think it could trade anywhere's in the 30's. Something will come up. One thing I think I sense though, is that investor's are starting to buy a little more on the dips. But we're due for a big down day here and there. We'll see what happens tomorrow. good luck, joe

To: FUZFO who wrote (23145)	10/23/1998 10:14:00 AM
From: Moonray	Respond to of 45548

3Com Sued Over $7.35 Mln in Directors' Stock Options Wilmington, Delaware, Oct. 22 (Bloomberg) -- 3Com Corp., the No. 2 maker of computer networking equipment, was sued by a shareholder who contends the company misled investors in granting directors $7.35 million in stock options. 3Com officials deceived investors about the value of the options, approved as part of a director compensation plan at the company's September annual meeting, according to the suit filed in Delaware Chancery Court in Wilmington by 3Com shareholder David B. Shaev. Shaev contends proxy statements issued by the company said the eight outside directors' options had no value unless the stock price rose. In fact, Shaev says, the Internal Revenue Service has determined stock options have measurable value and can be traded for cash. The suit pegs the 3Com options' value at $7.35 million. ''The option recipients are receiving grossly excessive compensation for (their) services as directors,'' Shaev said in his suit, which is seeking class-action status. ''This is so excessive that no reasonable person (acting) in good faith would have done it,'' the suit adds. Shaev is asking a judge to void the options and award unspecified damages to 3Com shareholders. Santa Clara, California-based 3Com is the second largest computer networking company behind Cisco Systems Inc., with sales last year of more than $5 billion. Officials of 3Com declined to comment on the suit. It's not the first time 3Com shareholders have accused the company of misleading them about financial information. Shareholders filed a spate of lawsuits earlier this year accusing the company of artificially inflating its share price by issuing false statements about its $8.54 billion purchase of U.S. Robotics. The suits contend 3Com officials issued the statements to prop up the company's share price while selling $190 million worth of shares after the acquisition was completed in June 1997. Shares of 3Com rose 1/4 to 33 3/16 today. o~~~ O