Daily Archives: September 19, 2007

3Com Investor Tries Extortion to Pump Up Stock Price

I’m relatively jaded, I’ve seen a lot during my years in an industry that has gone from youthful exuberance to cynical maturity, but even I was taken aback at the news that a man has been accused of sending 17 threatening letters and two pipe bombs in a misguided bid to inflate the value of his shares in 3Com and Navarre Corp.

I understand the desperation of 3Com investors, I really do. The company was, is, and will remain a dog’s breakfast and a faded star in the computer-networking firmament.

But, people, extortion, threats, and physical violence are not the answer. The answer, I’m afraid, is to put your money elsewhere.