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

To: Jeff Sheeran who wrote (29250)	3/25/1999 12:57:00 PM
From: Moonray	Read Replies (1) \| Respond to of 45548

3Com Corp. Reiterated 'Buy' at Lazard Freres Princeton, New Jersey, March 25 (Bloomberg Data) -- 3Com Corp. (COMS US) was reiterated ''buy'' by analyst Michael Duran at Lazard Freres & Co. o~~~ O

To: Jeff Sheeran who wrote (29250)	3/25/1999 1:17:00 PM
From: Doug	Read Replies (1) \| Respond to of 45548

Jeff: Current growth estimates for CSCO are 17%.

To: Jeff Sheeran who wrote (29250)	3/25/1999 7:16:00 PM
From: Racso	Read Replies (1) \| Respond to of 45548

Jeff: let's make some cold comparisons CSCO vs 3COMS: Closing price: 107 7/16 23 3/4 IBES current est $1.472 $1.077 IBES next yr est $1.821 $1.278 earnings growth 23.7% 18.7% P/E current 73X 22X P/E next yr 59X 19X P/Sales 17.2X 1.5X Now, we can debate forever what kind of premium CSCO deserves over 3COMS given superior market leadership, earnings growth potential, etc. The point is that the current premiums reflect a severe anomaly which the market will correct, sooner more than later. We may also argue that CSCO is overpriced and I tend to agree. But again, even accounting for that the gap is way to big for the smart money not to see an opportunity. I perceive lots of frustration in this thread with 3COMS management but this doesn't prevent to see what is a reality: 3COMS is absurdly cheap. No wonder NOKIA and other are salivating...