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

To: Moonray who wrote (27268)	1/26/1999 11:57:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

>>The jury is still out. << Ok, we'll allow you to fudge a bit.<g> But, this environment is much different than 2 years ago. Look how P/E's are way higher than before. And earnings and earnings growth are also lower than before. How can this be? Market speculation? IMO, it's because low interest rates are off-setting things. Also, a couple of things may happen: 1) Some earnings surprises which will bump up those earnings estimates. (We've already had 2 quarters in a row, because the numbers have been low-balled). We also may get an earnings surprise because the products hopefully will eventually enter some sort of boom phase. (Cable modems, xDSL modems,etc...) 2) We can almost taste a big contract coming around the corner<gg>. It's gotta happen sooner or later. When it does, it'll be earnings revisions time.... Heck, I'm still happy with $65 a year from now, but I'm banking on doing better with just a little luck and COMS executing better which it seems to be doing as evidenced by a) much better management of earnings expectations, b) making quarters, c) productivity/efficiency improvements. I think the market just needs a bit more "concrete" proof. Contract in writing would do the trick nicely.<g>