Still significant value in 3Com.

Huawei looking to outbid COMS for JV.

http://www.forbes.com/home/feeds/afx/2006/11/16/afx3183447.html

http://www.chinaknowledge.com/news/news-detail.aspx?id=5009

If Huawei buys out the JV for proposed higher price then COMS is
selling for 100% cash value and their core Rev's being priced at zero.
I still think core COMS(600-650mm in growing sales) is worth $2
minimum. Which puts a $7+ on the shares -- with an almost certain
floor of $5. I also think there is still public co. interest as well
and we could see bids from pulbic co's for the JV or the COMS in total.

Long COMS