Posts for Ticker ‘COMS’

52-Week High Club (COMS, AMD, PLA, BID)

3Com Corp (NASDAQ: COMS) rose over 30% to a yearly high of $7.52 after Hewlett-Packard, the PC maker, announced plans to buy 3Com for $2.7 billion.

Advanced Micro Devices Inc. (NYSE: AMD) rose over 20% to a yearly high of $6.73 after the announcement that the company would receive $1.25 billion from Intel Corp. (NASDAQ: INTC) under an agreement that ends a legal dispute between the two companies over patents and antitrust accusations.  

Playboy Enterprises Inc. (NYSE: PLA) rose over 60% to a yearly high of $4.75 because the magazine is in talks to sell itself to Iconix Brand Group (NASDAQ: ICON).

Sotheby’s (NYSE: BID) rose as high as 11% to a yearly high of $19.50 after the action house raised $117 million at a sale yesterday.  

Garrett W. McIntyre

Posted on: November 12, 2009 – 4:31 pm in Earnings, Law, Mergers and Buy Outs, , , , , ,

Tech Giants Now Hold ~$265 Billion Cash To Spend (HPQ, COMS, INTC, AMD, MSFT, CSCO, AAPL, GOOG, ORCL, JAVA, QCOM, EMC, YHOO, DELL, AMZN, EBAY, ONT, BRCD, JDSU, STAR, VMW)

You have already seen the Hewlett-Packard (NYSE: HPQ) buyout of 3Com Corporation (NASDAQ: COMS).  But this week before that deal was announced we covered how mergers in the technology sector have been very slow to develop over the scale in which we and others think is possible for the sector.  After the Intel Corporation (NASDAQ: INTC) settlement with Advanced Micro Devices (NYSE: AMD), the tally of cash that is now estimated would be an implied $265 billion that is available for the tech giants in our 24/7 Wall St. Real-Time 500 to make acquisitions.

The giant cash balances are held by Microsoft Corporation (NASDAQ: MSFT), Cisco Systems Inc. (NASDAQ: CSCO), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG), and Oracle Corp. (NASDAQ: ORCL), assuming nothing happens with Sun Microsystems Inc. (NASDAQ: JAVA).  But players like QUALCOMM Inc. (NASDAQ: QCOM), EMC Corporation (NYSE: EMC), International Business Machines (NYSE: IBM), Dell Inc. (NASDAQ: DELL), Yahoo! Inc. (NASDAQ: YHOO), Amazon.com Inc. (NASDAQ: AMZN), and eBay Inc. (NASDAQ: EBAY) are either all sitting with large amounts of cash or will be very soon.

We have broken out these technology, IT, software, and Internet companies by the cash amount they hold or what they have in a soon-to-be cash balance.  Of course only a fraction of this cash will be used for mergers.  But there is also a ton of room here for dividends and of course the share buybacks.

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Posted on: November 12, 2009 – 11:31 am in Consumer Electronics, Cramer, Dividend, Editor's Picks, Internet, Large Cap Stocks, Mergers and Buy Outs, PC Companies, Private Equity, Rumors, Semiconductor, Software, Stock Buybacks, Technology Companies, Telecom, , , , , , , , , , , , , , , , , , , ,

Top Day Trader Alerts (BRCD, COMS, GMCR, DRYS, AMD, JDSU)

These are this morning’s top day trader and active trader alerts on high price moves and/or high volume.  We have a link to more data and analysis at VSInvestor.com for each stock:

We have issued some options data and new levels to watch in Brocade Communications Systems, Inc. (NASDAQ: BRCD) now that its stock is down 10%.

3Com Corporation (NASDAQ: COMS) is setting multi-year record trading volume.  You already know why.

Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) is getting roasted on its own after earning.

DryShips Inc. (NASDAQ: DRYS) is challenging the $7.00 highs not seen since October.

Advanced Micro Devices Inc. (NYSE: AMD) is hitting 52-week highs on its settlement with Intel.

JDS Uniphase Corp. (NASDAQ: JDSU) is riding tech merger coattails with a 6% gain.

You can join our open email distribution list which goes out several times per week to be notified of key analyst calls, top early morning day trader alerts, along with news of IPO’s, key offerings, guru investor data on Buffett and others, key merger news, and more.

JON C. OGG

Posted on: November 12, 2009 – 9:16 am in Pre-Market Activity, Trading Alert, , , , , ,

Tech Strangeworld: 3Com Bought by H-P (COMS, HPQ, CSCO, IBM)

HO LogoSometimes the unimaginable happens, and that is today.  3Com Corporation (NASDAQ: COMS) is being acquired, and in a deal that won’t run regulatory risk at least over China having access to core technology.  Hewlett-Packard (NYSE: HPQ) is the surprise buyer.

H-P is buying the networking and routing company for a price of $7.90 per share in cash, which comes to an enterprise value of about $2.7 billion.   The deal has also been approved by the boards of directors at each company.  Based upon Cisco Systems Inc. (NASDAQ: CSCO) expanding its reach further out into data centers and beyond and based on some recent moves from IBM (NYSE: IBM), this is actually a lower surprise than had this been announced a year ago.  That would make one wonder what moves those companies will make.
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Posted on: November 11, 2009 – 4:30 pm in Earnings, Mergers and Buy Outs, Technology Companies, , , ,

52-Week High Club

American Eagle Outfiters Inc. (NYSE: AEO) hit a yearly high of $18.08 after the clothing vendor announced that it had raised its 3Q09 EPS estimate to $0.24-$0.26 from $0.22-$0.25.  

Anheuser-Busch InBev SA (NYSE: BUD) hit a yearly high of $48.19 after yesterday’s announcement that the company would be setting its theme park business to private equity firm Blackstone Group for $2.7 billion.

Colgate-Palmolive Company (NYSE: CL) hit a yearly high of $79.03 after the company declared a quarterly cash dividend of $0.44 per common share, payable on the 13th of November to all those in possession of the shares as of October 26th.

3Com Corporation (NASDAQ: COMS) hit s yearly high of %5.54 after yesterday’s annoumcement that the company had entered into contracts with the Republic of Korea Army and Republic of Korea Air Force to upgrade their local area networks.

Garrett W. McIntyre

Posted on: October 8, 2009 – 4:37 pm in ADR, Dividend, Food, Mergers and Buy Outs, Private Equity, Retail, Technology, , , ,

52-Week High Club

3Com Corporation (NASDAQ: COMS) rallies over 6% to $5.39 following a positive earnings release on Thursday.

Aspect Medical Systems (NASDAQ: ASPM) rallies over 55% to $11.91 on news that Covidien had agreed to buy the company for $210 million.

Green Mountain Coffee (NASDAQ: GMCR) rallied over 6% today to $75, leading gains among its coffee-vending peers.

BanColombia S.A. (NSYS: CIB) hit a year high of $42.66 on no news but amid a continuing rally in Latin American bank ADRs.

Greenhill (NYSE: GHL) hits a new yearly high of $88.28 as boutique M&A firms continue to benefit from the instability of larger rivals.  

Garrett W. McIntyre

Posted on: September 28, 2009 – 4:42 pm in ADR, Autos, Banking, Biotech, Commodities, Cult Stock, Emerging Markets, Financial Stocks, Telecom, , , , ,

Full Expectations For Cisco Earnings (CSCO, JNPR, BRCD, COMS, ALU)

CSCO LogoCisco Systems, Inc. (NASDAQ: CSCO) is set to report earnings after the closing bell on Wednesday.  Be advised that estimates could change ever so slightly before the formal number if there are any last minute changes from analysts.  Thomson Reuters has the estimates pegged at $0.29 EPS and $8.52 billion in revenues.  This will also mark Cisco’s fiscal year-end for 2009.  The guidance and the tone in CEO John Chambers’ voice will probably be more important here than the EPS figure.
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Posted on: August 4, 2009 – 10:47 pm in Earnings, Technology Companies, Telecom, , , , ,

Huawei Wants More Video Router Business (CSCO, JNPR, COMS)

Huawei LogoHuawei Technologies Co., Ltd. is one of the inaccessible companies to invest in for Americans.  Yet it runs head to head against Cisco Systems Inc. (NASDAQ: CSCO) and other router and backbone giants for business in the global networking push.  Today, the company announced the launch of its new NetEngine V6 400G-platform universal service router at CommunicAsia in Singapore.  This also competes with Juniper Networks, Inc. (NASDAQ: JNPR) and the company was tied with 3Com Corporation (NASDAQ: COMS) in China for some time via H3C.

Will this kill Cisco? No of course not.  But it is one more move toward carrier-grade solutions with faster speed and more efficiency over the old legacy routers that are still powering much of the web’s infrastructure. Read More »

Posted on: June 16, 2009 – 1:32 pm in China, Technology Companies, , ,

3Com Yields Another Rabbit (COMS)

3com_logo_23Com Corporation (NASDAQ: COMS) posted earnings of $0.11 non-GAAP EPS on revenue of $342.6 million.   First Call estimates were $0.06 EPS on $337.12 million in revenue.  While it had already raised guidance in early August, these resuls were above the raised targets.  3Com generated $39.3 million in cash from operations. The company’s cash and cash equivalents as of August 29 were $541.4 million.

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Posted on: September 22, 2008 – 3:15 pm in Earnings, Technology Companies,

3Com Investors Brace For Earnings & Guidance (COMS)

3com_logo3Com Corporation (NASDAQ: COMS) is one of the few tech stocks to report earnings after today’s close.  The troubled maker of routing and communication equipment is expected to post $0.06 EPS on $337.12 million in revenue. The company raised its guidance back in early August, although it was from business in China and that is still expected to wind down.

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Posted on: September 22, 2008 – 9:42 am in Earnings, Technology Companies,

3COM Pulls A Rabbit From Its Hat (COMS)

3com_logoThis morning we are seeing some news out of 3Com Corporation (Nasdaq: COMS) which many may have guessed wouldn’t be possible.  The networking company raised guidance previously provided for the quarter-end of August 29, 2008.  The company now sees $335 to $340 million in revenues, above previous guidance of $325 to $330 million and above First Call estimates of $327.7 million.  The new non-GAAP guidance is $28 to $32 Million and $0.06 to $0.08 EPS, above prior targets of $0.03 to $0.05 EPS and above First Call estimates of $0.04 EPS.

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Posted on: August 5, 2008 – 8:34 am in China, Earnings, Technology Companies,

Top 10 Pre-Market Analyst Calls (ARUN, BLK, COMS, DLB, HAL, JNPR, MOT, OMRX, QLGC, STX, AUY)

These are not all of the calls we are seeing this morning, but these are the top calls that we are focusing on this Thursday morning in pre-market activity:

  • Aruba Networks (NASDAQ: ARUN) Cut To Sell From Neutral at Goldman Sachs.
  • BlackRock (NYSE: BLK) Cut To Underperform From Neutral at Credit Suisse.
  • 3Com (NASDAQ: COMS) Raised To Outperform From Market Perform at Bernstein.
  • Dolby Labs (NYSE: DLB) Raised To Equalweight at Morgan Stanley.
  • Halliburton (NYSE: HAL) Raised To Outperform From Sector Perform at RBC.
  • Juniper Networks (NASDAQ: JNPR) Cut To Neutral From Buy at Goldman Sachs.
  • Motorola (NYSE: MOT) Cut To Neutral From Buy at Bank Of America.
  • Omrix Biopharmaceuticals (NASDAQ: OMRX) Started At Buy at UBS.
  • QLogic (NASDAQ: QLGC) Cut To Underweight From Neutral at JP Morgan.
  • Seagate Technology (NYSE: STX) Cut To Neutral From Outperform at Baird.
  • Yamana Gold (NYSE: AUY) Cut To Sector Perform at CIBC.

Jon C. Ogg
March 27, 2008

Jon Ogg produces the Special Situation Investing Newsletter and can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers

Posted on: March 27, 2008 – 6:49 am in Analyst Calls, , , , , , , , , , ,

3Com’s Buyout Crashes In The Pacific Ocean (COMS)

The acquisition of 3Com Corp. (NASDAQ: COMS) by Bain Capital and Huawei was already questionable, and then regulatory questions turned into trouble, and now trouble has turned into an outright dead deal.  An affiliate of Bain Capital has notified 3Com that it is officially ending its merger agreement because CFIUS was going to block the deal because of the involvement and stake that would have been held by Huawei in China.

Frankly, this is no shock here, even if the shares have fallen further on the news.  We just noticed this week when 3Com sent a "recommendation for approving the merger" to shareholders ahead of the shareholder vote that the company did make note of a right to pursue a merger break-up fee under certain circumstances.  Whether or not 3Com pursues any fees or damages is one thing.  Actually getting those is another matter on top of that.

3Com shares are down 13% at $1.91 today on almost 3-times normal volume.  That also marks another 52-week low under the prior $2.08.

Another one bites the dust.

Jon C. Ogg
March 20, 2008

3Com has been reviewed for our SPECIAL SITUATION newsletter and for our "10 Stocks Under $10" newsletter.  You can also join our open email distribution list.  Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: March 20, 2008 – 1:05 pm in China, Mergers and Buy Outs, Private Equity, Technology Companies,

The 52-Week Low Club (COMS, CROX, ERIC, MNST, RYAAY, SEED, SNDK, YRCW)

  • You’ve always got some weak stocks that hit 52-week lows, particularly in a bear market.  But there were many active stand-out names today that normally don’t appear on this screen.
  • 3Com Corporation (NASDAQ: COMS) dropped over 20% on news that agreement with Bain has not yet been reached and may never happen. New low of $2.08 from $2.69. The 52 week high is $5.11.
  • CROCS Inc. (NASDAQ: CROX) is another victim of recession jitters, deserved or not.  Maybe the ugly-cool really was just a fad, and fads are bad for stocks when they go away.  New low of $16.20, with late trading at $16.60. The 52 week high is $75.10.
  • LM Ericsson Telephone Co. (NASDAQ: ERIC) fell 10% after its Sony Ericsson venture issued an earnings warning and profit decreases and projects lower cell-phone demand this year. Down to $17.4 late in the day with low of $17.04 from a 52-week high of $43.41.
  • Monster Worldwide Inc. (NASDAQ: MNST) downgraded due to decreased estimates resulting from increased media expenses. Down to $23.66 from a 52-week high of $50.28.
  • Ryanair Holdings plc (NASDAQ: RYAAY) down to $24.82 from $49.59.  No gold and 4-leaf clovers from the leprechaun for this Irish discount airliner to the E.U.…or maybe their staff is still celebrating St. Patrick’s Day.
  • Origin Agritech Limited (NASDAQ: SEED), the Chinese crop seed company, needs a little rain and sunshine. Down to $4.85.
  • SanDisk Corp. (NASDAQ: SNDK) is another victim of the market volatility. Down to $21.01 from a high of $59.75.
  • VMware, Inc. (NYSE: VMW) down despite positive growth and sales projections for the ultra hot-hot virtualization trend that will grow no matter what for the next 5 years. Tech stocks taking a beating. Late day lows $42.68 from a 52-week high of $125.25.
  • YRC Worldwide Inc. (NASDAQ: YRCW) high prices and weak demand for truckers are slowing this ride, plus a competitor warned again. Lowest price since 1998 of $10.99. 52-week high of $45.99.

As a reminder, the 52-week low list is where many fund managers and traders go looking for opportunities.  Sometimes the baby is thrown out with the bathwater, and sometimes they throw out the whole house and family with it.

Jon C. Ogg
March 19, 2008

Posted on: March 19, 2008 – 2:57 pm in HI/LOW, , , , , , , ,

3Com Sets Stage To Pursue Merger Break-Up Fee (COMS)

3Com Corporation (NASDAQ: COMS) intends to proceed with its currently scheduled shareholder meeting on Friday, March 21, 2008 to enable 3Com shareholders to vote on the company’s existing merger agreement with affiliates of Bain Capital Partners, LLC. 

The board of directors is still recommending that investors vote in favor of the deal.  The sole purpose of the special meeting is to conduct the shareholder vote.  The company does actually note it has the right to pursue a break-up fee under certain circumstances.

The original terms with affiliates of Bain Capital Partners call for $5.30 in cash per share, although even if the group somehow manages to win CFIUS approval that deal may change depending on concessions made.  The parties withdrew their joint merger filing and no application has been re-submitted to date.  So far, the parties have been unable to agree upon an alternative transaction that addresses CFIUS’ concerns and is acceptable to 3Com’s board of directors.

If you read through the release, it seems that 3Com is making every statement in the world that the vote is a mere formality and that it is going to have to stay on its own.  It also sounds like it is going to pursue a break-up fee as a result.  Whether or not a regulatory denial constitutes an event that would qualify for a break-up fee is an entirely different matter, but this seems to be the angle that is at least being set up as a possibility.

Jon C. Ogg
March 19, 2008

Posted on: March 19, 2008 – 7:50 am in Mergers and Buy Outs, Technology Companies,

Media Digest 2/29/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Paulson believes that the current proposal to help homeowners is too broad and may help speculators.

Reuters writes that Microsoft (NASDAQ:MSFT) has cut the price of Vista to encourage upgrades.

Reuters writes that AIG (AIG) posted a $5.3 billion loss.

Reuters reports that ad company WPP believes that 2008 will be a better year than 2007.

Reuters writes that the Sony (SNE) PS3 should have a strong year due to lower retail prices and new games for the console.

The Wall Street Journal writes that the net at Dell (DELL) slipped as the company tries to deal with costs.

The Wall Street Journal says that Microsoft knew that lowering the requirements on PCs that run Vista was a mistake.

The Wall Street Journal reports that Bain will resubmit its offer to buy 3COM (COMS).

The Wall Street Journal writes that Ebay (EBAY) has settled a major patent dispute.

The Wall Street Journal reports that "the Financial Accounting Standards Board will re-examine rules that allow banks to keep assets in special financing vehicles, off the books."

The Wall Street Journal writes that Providence Equity has sued Wachovia (WB) over closing a deal to by TV stations from Clear Channel (CCU)

The Wall Street Journal writes that the surge in oil makes it more likely that OPEC will hold production steady.

The New York Times writes that Viacom (VIA) profits rose on the strength of it studio results.

The FT reports that private equity firms are raising tens of billion of dollars despite a tough economy.

Bloomberg reports that auction-rate bond failures have lead to the worst month for munis since 2003.

Douglas A.McIntyre

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Posted on: February 29, 2008 – 4:15 am in Press Digest, , , , , , , , ,

Media Digest 2/22/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Micorosft (MSFT) will open up some of its software code to rivals.

Reuters reports that BP (BP) will try to get billions of more barrels out of Prudhoe Bay.

Reuters writes that the failure of the 3Com (COMS) deal could cut the list of Chinese investors who might buy into Motorola’s (MOT) handset busines..

Reuters reports that LG believes that it can get substantial market share from Motorola’s handset business.

Reuters reports that investors in The New York Times Company (NYT) are preparing for a proxy fight.

Reuters writes that Starbucks (SBUX) will cut its US staff by 600 people.

The Wall Street Journal reports that the credit crunch is spreading to investments linked to the debt of major companies.

The Wall Street Journal writes that Nasdaq is working on a plan to list "blank check" special acquisition companies.

The Wall Street Journal writes that China may consolidate some of its largest telecom companies including China Unicom (CHU) and China Netcom (CN).

The Wall Street Journal writes that Motorola cannot find a buyer for its handset unit, driving down the value of the company’s stock.

The New York Times writes that the government is looking at a plan to rescue 8.8 million homeowners who have lost much of the equity in their homes.

The New York Times writes that Toyota (TM) is trying to give more decision-making power to local managers around the world.

The FT writes that UBS (UBS) is looking for a new chairman.

Bloomberg reports that talks between the pilots of Northwest (NWA) and Delta (DAL) are still holding up a merger.

Douglas A. McIntyre

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Posted on: February 22, 2008 – 4:06 am in Press Digest, , , , , , , , , , , ,

Failed Private Equity Deal Blow-Ups, Major Share Erosions Remain (COMS, ADS, BX, SLM, URI, CCU)

There is a menagerie of companies with stocks that look like the boulevard of broken dreams because of the woes in the stock market and economy in January.  But no group looks as bad as the group of the recently failed private equity buyouts.  Some of the losses here may seem excessive compared to what would have been the buyout price, but that is the new private equity M&A world for you. 

You can see how wide these spreads would be if they magically reappeared.  And NO, these prices won’t come back any time soon.

The freshly failed acquisition of 3Com Corp. (NASDAQ: COMS) by Bain Capital Partners LLC & Huawei was originally $5.30 cash, although the last ditch effort to please CIFIUS via a unit sale would have resulted in a lower price. If that magically came back, you’d be looking at an 82% gain.

The deal for Alliance Data Systems Corp. (NYSE: ADS) from The Blackstone Group, LP (NYSE: BX) may or may not happen, but the original price of the buyout offer was $81.75.  It is nearly impossible to think that price would ever be a buyout price in today’s environment, but that would represent a 54% premium to current prices.

SLM Corp. (NYSE: SLM), or Sallie Mae, was being J.C. Flowers & Co. before that merger was called off.  The company was originally being offered $60 per share and then it was briefly revised lower to $50 per share before being ditched altogether.  If that $50 number magically came back, that would represent a whopping 127% premium.  If that $60 pipe dream ever came back, the gains compared to today would be a whopping 172% gain.

United Rentals (NYSE: URI) buyout from Cerberus was $34.50, but it at least looks like it got its $100 million deal termination fee.  If that premium magically came back, that would be more than an 80% premium compared to today.

Clear Channel Communications Inc. (CCU), Thomas H. Lee Partners LP/Bain Capital Group is not yet a busted deal, although this $39.20 cash price is roughly 25% above today’s share prices.  This one has taken long enough that it seems Methuselah is in charge of this approval and decision process.

For whatever this is worth, investors looking at any of these companies better be looking at each company individually.  It isn’t like there weren’t some problems that either kept these mergers from happening, even if the buyout firms have had to gear down their efforts to more of true private equity firms instead of LBO firms.

Jon C. Ogg
February 21, 2008

On our open email distribution list you can see more detailed merger-arb spreads and other key issues in private equity, M&A, IPO’s, spin-offs and more.

Posted on: February 21, 2008 – 12:53 pm in Mergers and Buy Outs, Private Equity, , , , , ,

Media Digest 2/21/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Societe Generale filed its financial information and confirmed its huge trading loss.

Reuters writes that the sale of 3Com (COMS) has come apart because a piece of the company would be sold to a firm in China.

Reuters reports that NIke (NKE) is up against a group of quickly growing local brands in China.

Reuters writes that GMAC has cut 930 jobs in it auto loan operation.

The Wall Street Journal reports that economists fear the return of stagflation.

The Wall Street Journal writes that drug markers are raising prices on some drugs to milk them for profit before their patents expire.

The Wall Street Journal writes that several attorneys general are looking into the marketing of caffinated alcohol drinks and have asked from documents from firms including Anheuser-Busch (BUD).

The Wall Street Joural reports that Apple (AAPL) and Adobe (ADBE) are in a dispute about how soon the iPod will begin to use Adobe’s Flash video player.

The Wall Street Journal writes that T-Mobile is rollin out an internet calling program aimed at replacing home phones.

The Wall Street Journal writes that Google (GOOG) and the Cleveland Clinic are working on a plan to give patients more access to their records.

The Wall Street Journal reports that Google will start to sell video ads on third party sites.

The New York Times writes that the price of oil staying above $100 a barrel is raising economic concerns.

The FT say GE (GE) will clamp down on flaws in its accounting system

Douglas A. McIntyre

Posted on: February 21, 2008 – 4:18 am in Press Digest, , , , , , ,

The 52-Week Low Club (T)(VZ)(LVLT)(BX)(SHRP)

Verizon (VZ) bottomed at $33.30 after downgrades due to cellular service price wars.

HCC Insurance (HCC) Weak quarterly results. Trades down to $24.25 from 52-week high of $24.45.

AT&T (T) drops to $32.95 from 52-week high of $42.97 due to cell service pricing competition.

Blackstone (BX) sells off as LBO business goes to hell. Falls to $15.70 from 52-week high of $38.

Sara Lee (SLE) Bread prices up, but nobody doesn’t like Sara Lee. Moves down to $12.97 from 52-week high of $18.15.

Sharper Image (SHRP) Goes Chapter 11. Drops to $.29 from 52-week high of $14.16.

Nutrisystem (NTRI) Bad earnings keep moving the shares down. Falls to $16.32 from 52-week high of $74.09.

3Com (COMS) Deal to take company private loses altitude. Falls to $2.84 from 52-week high of $5.11.

Level 3 (LVLT) Too much debt. Too little earnings. Slides to $2.12 from 52-week high of $6.77.

Douglas A. McIntyre

Posted on: February 20, 2008 – 4:00 pm in HI/LOW, , , , , , , , ,