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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (13467)	4/28/1999 12:50:00 PM
From: Howard S.	Respond to of 43080

stockhouse.com

To: American Spirit who wrote (13467)	4/28/1999 1:11:00 PM
From: SpecialK	Respond to of 43080

3Com - from stockhouse link. A.G. Edwards analyst Peter Andrew told StockHouse, when asked about the takeover rumors, "Management has already stated publicly that they're not selling their remote access business and their Palm business. Management is focused on keeping the company independent." Mr. Andrew does not see a buyout of any part of 3Com's business. He added, "It would make sense. I believe it would, but when talking to management, they don't seem like they're looking to pursue that strategy." Andrew attributed the recent run to "rumors, rumors," but added, "you have to remember that 3Com has been absolutely been beaten down - some type of 'dead cat bounce' was probably overdue." However, cynical as that sounded, Mr. Andrew did not expect a retracement, believing "it's fairly valued up here." Asked if under $30/share was fair, he added, "until they start executing, then it will move up from there." He planned to change his "accumulate" rating on the stock, but not imminently, suggesting that he might wait until after the May quarter's numbers come out in June.