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

To: Michael Ohlendorf who wrote (28390)	3/2/1999 2:36:00 PM
From: Greg Jung	Respond to of 45548

Its clearly guessing time, and my guess is that there is no new news, except an upcoming brokerage downgrade. Modem revenue impacted by PC slowdown, inventories not moving at retail, etc. blah blah. An inevitable seasonal effect and likely to lead to another V-shaped bounce. See chart since 1994; - 1997 is aberration, an exception to this fear/exhuberance pattern. Concerns are raised, market is tanking, stock drops. Defenders come in, market rises, stock rises. The range is 24 - 33; if you bought in on the "breakout" then I would suggest averaging down in the 25-27 level or just taking loss and walking. Greg

To: Michael Ohlendorf who wrote (28390)	3/2/1999 2:41:00 PM
From: Doug	Respond to of 45548

Michael: This pattern is not unusual. I have seen it in BAY, CS,NN and many others. The big and Inside colonies get the message first. The small and outside folk which includes the small Investor is last. COMS is likely to drift to the $24-25 mark between now and 30 days to the next Q+1. Incidentally COMS margins including that for the Palm top are under pressure. In this case , time will only intensify the competition in these Consumer based products.

To: Michael Ohlendorf who wrote (28390)	3/2/1999 2:45:00 PM
From: opalapril	Read Replies (2) \| Respond to of 45548

I for one (or maybe two) would also appreciate a thoughtful analysis of COMS' price action over the last few weeks or months, from some cooler head. Is it some fundamental problem with the company of a chronic character, something fickle and transitory about WS, or something else altogether different? I understand the different reporting period, the business about this quarter being customarily slow, the after-the-fact downgrades, and all of that. But none of this seems to explain why COMS has lost so much more of its value in a short time than industry competitors. Alos, I can't quite buy the razzing Eric B. gets from all the cocky know-it-alls around here. Am I mistaken? Does the whole of WS share that view? I also can't join the drum-beating of others about how a flurry of press releases would be some sort of panacea. That is ridiculous. I assume that company management, unlike this board, is not focused on hourly price swings of the stock but rather their job(s) of running the company. But the precipitous and persistent decline in the stock price seems, I agree, highly unusual -- all the more so since the first leg of a -30% drop preceded the general tech drop by at least two and half weeks and this second leg of another -20% either is NOT mirrored in most other computer stocks or is much, much greater. Is there anyone out there who can offer a real world explanation for why this otherwise successful, profitable company has a stock that has done so badly for so long?