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

To: Steve Porter who wrote (23327)	10/29/1998 12:58:00 AM
From: joe	Read Replies (1) \| Respond to of 45548

Steve, PC sales will be bigger than ever in 2000. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ __PC Market Will Peak In 1999, Says Forrester___ Corporate PC spending will peak in 1999 and then decline in 2000 before leveling off through 2002, according to a report released yesterday by Forrester Research Inc. Among the pressures expected to cut into supplier revenues: an end to the replacement cycle spurred by the year 2000 problem; longer PC life-cycles; stronger interest in PC alternatives; and more-vigorous price competition. Business spending on PCs will hit a high of $55.4 billion in 1999, up from $53.5 billion in 1998, according to Forrester. Spending is expected to decline to $47 billion in 2000. Two-thirds of companies surveyed say they'll focus their new application development to support PCs with browsers and a new generation of Internet-connected appliances designed to perform specific tasks. "This change in the corporate computing environment will enable IT managers to get more life out of their existing PCs and to gradually replace them with less-expensive PC alternatives," says the Forrester report. This transition will also result in price slashing and marketshare battles that will leave only a few vendors, says Carl Howe, Forrester's director of computing strategies services. "The PC industry has always been going up, so they didn't have to take share from each other to grow business," Howe says. "Our view is that the top five will now get more share by taking it away from second- and third-tier vendors. But when you're trying to steal marketshare, the weapon is price, so even if you're winning you're shipping more units but not gaining revenue." -- Eileen Colkin

To: Steve Porter who wrote (23327)	10/29/1998 1:21:00 AM
From: joe	Read Replies (1) \| Respond to of 45548

Steve, Again, I agree. Good analysis (IMO). >>Not many people were willing to sell COMS shares at this price<< exactly! >>This also indicates that people don't just want to sell COMS and that any selling is most likely people taking profit.<< exactly! THERE IS ONE EXCEPTION. Again, if the market tanks, which is always a possibility, and COMS now follows the market, then all of us on this thread will be rushing to sell all our COMS shares before it goes under 30, SO THAT, we can rebuy it at 24-27. I think a lot of the market was thinking this way. This was a test for to see if the market would go down with even more profit taking and today showed that most folks want to stay in and make more $$. They feel that there's a better chance now that the world's problems are behind us. Rate-cut optimism is our main friend, IMO. I'm looking forward to another cut in November. joe