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

To: Moonray who wrote (28142)	2/17/1999 3:21:00 PM
From: Finder	Read Replies (1) \| Respond to of 45548

Bloomberg story appeared because stock was going up and shorts did not want it to continue to buck market trend.

To: Moonray who wrote (28142)	2/17/1999 4:15:00 PM
From: ddt99	Read Replies (2) \| Respond to of 45548

I just got this headline thru DBC signal online: DJ 15:43 [ COMS, IM, TECD ] : 3 COM CEO: OUTLOOK HASN'T CHANGE DESPITE ANALYST PESSIMISM.

To: Moonray who wrote (28142)	2/17/1999 5:32:00 PM
From: Wigglesworth	Read Replies (2) \| Respond to of 45548

Moon and Mang: You guys know how to steal? If not, start honing new skills, otherwise, this thread will lay you off for fresher blood. This stuff's from the Quantum thread. QNTM is top picks by David Takata @ Gruntal Some favorite stocks that you like. I like the disk drive stocks right now, particularly Seagate (SEG 36). They have a wonderful CEO, Steve Luczo, who is introducing new thought into the company, has the industry support and is making some very wise investments. I also like Quantum (QNTM 21). They are very strong in their tape business, which benefits from the Y2K effect, as people back up their systems. I also introduced coverage on a few other companies recently, EMC (EMC 98) and Data General (DGN 16 5/8). They are in the storage systems business. They benefit from Y2K, but from a larger sense storage is becoming a bigger and bigger piece of server sales, as the Internet starts to get stored on disk rather than on a video tape. These are all long term trends. 3Com (COMS 30 5/8) is one I like. Their stock is down but is attractively valued. Q: Even though many of those stocks are off from their lows, as you mentioned, you still feel that the longer term trend is in place? A: Absolutely! Companies like EMC and Cisco are benefiting from the networking trend. What is happening with storage systems is that storage is now becoming part of the network. I think that trend will take place for several years out. In the case of the disk drive companies, Seagate and Quantum, I like the fact that they have disk drive exposure and they are now coming out of the bottom of the cycle. At the same time they have stability in their other lines of business, for Seagate that would be software and for Quantum that would be tape. Q: Do you see any changes in data storage devices for personal computers and hasn't Apple eliminated disk drives in their iMAC computers? A: In the iMAC computers, the floppy drive is an optional item. I believe that most of the units ship with a hard drive still. Neither Seagate nor Quantum make floppy drives. Most of those are either made by the Asians, Koreans or the Japanese. There is a trend towards lighter weight devices such as palm-pilots that do not have a disk drive inside. At some point, there has to be data processing that will get downloaded to your palm-pilot. Whatever work horse you may be carrying around in your pocket, even if it is a cellular phone, that has a database in it. Most of the processing will still take place on the server somewhere. Again, that plays into the bigger trend of storage systems that I talked about, whether it is Data Generals' CLARiiON or EMC systems. Q: Do you have price targets on the stocks that you like? A: My target on Data General is $24. For EMC it is $118, Seagate $45, Quantum $40 and 3Com is $70.