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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Glenn who wrote (37900)	5/10/1999 9:35:00 AM
From: JeffA	Read Replies (1) \| Respond to of 90042

USAI just rescinded offer on LCOS. WOuldn't that have a bad effect on the stock?

To: Glenn who wrote (37900)	5/10/1999 9:36:00 AM
From: unctarheel	Respond to of 90042

Happy Birthday Jane and Ed 1. 3Com: A Bet on a Buyout (COMS) Friday, May 7, 1999 "The company is a bet that high-speed networking will continue to be a major driver of the technology revolution. However, the stock is a bet they will get bought out," says technology stock advisor Michael Murphy about 3Com (COMS). The firm is the number two maker of data networking equipment, behind Cisco Systems. Murphy calls 3Com "an obvious takeover candidate" since Bay Networks (number three) was bought out by Nortel and Ascend Communications (number four) is about to be acquired by Lucent Technologies. Ericsson is a potential suitor in Murphy's eyes, as are Lucent, Alcatel, Siemens and Nokia. "We suspect Ericsson will make a bid and be topped by Lucent, but who knows or cares?" he says, as he sees 3Com as a one-of-a-kind stock selling at a depressed price -- "abandoned by the momentum players and not (yet) picked by the 'internuts.'" He predicts a buyout by the end of the year. 3Com has stabilized its earnings after suffering a horrendous 1998, where the company earned just $0.08 per share thanks partly to its expensive acquisition of US Robotics. Murphy predicts the firm will return $1.10 in 1999 and could see $1.20 to $1.45 in 2000. He also lauds 3Com for continuing to spend on research and development while its financial performance dipped. For more on Michael Murphy's recommendation see "Spotlight Stock," May 3, 1999, Dick Davis Digest. The digest excerpts from over 400 investment publications highlighting important, timely and relevant advice. member.investools.com For a 30-day free trial go to: investools.com