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

To: Harold S. Kirby who wrote (30239)	4/26/1999 10:27:00 PM
From: LABMAN	Respond to of 45548

from ADVISER.COM released this evening Home Money Stocks Funds Bonds Retire 401(k)/403(b) Ideas Clients America's Fastest Growing Independent Financial Advisory Firm No Sales Pressure - No Sales Commissions - 100% Independent - 100% Objective The-Adviser.com The Place to Come for Answers™ 3COM and WLANs - Investment Ideas By The-Adviser.com - Monday, 4/26/99 released on 4/26/99. SERVICES Money Management Portfolio Reviews 401(k) Rollovers Retirement Financial Plans Estate Plans College Savings Ask The-Adviser Clients Only WHY US Benefits Available Services "Interview Us" Fee Information Disclosures Applications Clients Only THE COMPANY Background Philosophy The Press Policies Opportunities LINKS Home Page Related Links Stock Quotes New York - 3COM is a leading supplier of local area networks (LANs) and wide area networks (WANs) systems. It recently reorganized internal business units to target small and midsize businesses and individual consumers. 3COM took on the business reorganization because it found itself unable to compete with firms such as CISCO and LUCENT who are increasingly focusing on large businesses. With revenue soft and business difficulties surrounding the company, holders of 3COM stock have watched their value plunge from a 52 week high of $51 to a low of $20. The Company believes that its focus on home and small business networking products, particularly wireless area networks, will position the company to the forefront of a new computing era. This era will consists of hand held Internet enabled computer appliances that connect to the Internet via a wireless network. As 3COM attempts to reposition itself - it finds itself involved in takeover speculation. SIEMENS and ERICSSON have apparently expressed interest. These rumors have sent the stock up from $20 to a current value of about $25 (on the date of this report 4/18/99). Despite this increase, our analysts believe that 3COM (COMS) is currently undervalued. The underlying business, despite softness, appears to be healthy. The markets for wireless-networks, home appliances and hand-held mobile computing products such as the Palm Pilot will grow significantly. It is not a matter of if but a matter of when. We believe the current price decline provides an ideal opportunity for an investor looking to increase or initiate a position in this fast growing arena. As far as takeover talks, we believe that 3COM is susceptible to being acquired. This industry will certainly be consolidated. In addition to 3COM, we believe small but established firms such as Proxim (PROX) and Telxon (TLXN) are susceptible to being acquired. We expect 3COM to trade between $25 and $35 until business performance improves. Should acquisition talks continue, 3COM may trade higher. Our three year target stock price for 3COM is $80. An acquisition at anytime would provide additional returns. Do you want to stay up-to-date on 3COM and the wireless network industry. Get The-Adviser.com Alert™ for FREE. Enter your email address & click the button: About Us The Independent Adviser Corporation is a Registered Investment Adviser that specializes in developing investment strategies for individuals, families and businesses. Our Financial Advisers offer personalized guidance, professional money management and financial planning services on a fee only basis. To schedule a free consultation call 1-800-ADVISER or for faster service just Ask The-Adviser.com. ___________________________________________ Note: The Company does not earn fees for investment recommendations or referrals. Our research reports are prepared for general circulation and are circulated for general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each security's price or value may rise or fall. Accordingly, investors may receive back less than originally invested. Past performance is not necessarily a guide to future performance. The Independent Adviser Corporation, its affiliates, directors, officers, employees and employee benefit programs may have a long or short position in any securities of an issuer or in related investments. Please read our full disclsoures by clicking here. Got an investment question? Ask The-Adviser.com 3 COM is a value based play. The underlying business appears healthy If trends continue, 3COM will be in the right markets at the right time Open one of our professionally managed accounts: Brokerage Accounts Traditional IRAs Roth IRAs 401(k) IRA Rollovers 403(b) IRA Rollovers College Savings Retirement Savings Click here for our Top Ten Investment Picks Financial Advisory Services Money Management Portfolio Reviews 401(k) Rollover Assistance Retirement Planning Financial Plans Estate Plans College Savings Why should you invest alone?™ The Independent Adviser Corporation is a Registered Investment Adviser that specializes in developing investment strategies for individuals, families and businesses. Click here to learn more about our fee-only services DO YOU HAVE A QUESTION ABOUT INVESTING? Ask The-Adviser.com Click Here to Visit our Sponsor 1-800-ADVISER™ America's Independent-Adviser. © Copyright. The Independent Adviser Corporation. All rights reserved. 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To: Harold S. Kirby who wrote (30239)	4/26/1999 11:16:00 PM
From: Doug	Respond to of 45548

Harold: A component break up sale for COMS whilst not impossible may not be likely because: a:The R&D/Admn/Marketing divisions will all have to be divided which means a much closer review & presentation of the Books than normally made in a take over bid. b:Since such a sale will be dependent on the simultaneous approval of the Shareholders of two or more Companies, it is hard to imagine what happens if one group of shareholders do not approve. It is easier for one Company to buy the whole of COMS and spin off what it does not want to the other thereafter.