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Technology Stocks : C-Cube

CUBE 36.52

+0.3%

Dec 12 9:30 AM EST

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To: DiViT who wrote (38227)	1/14/1999 3:26:00 PM
From: John Rieman	of 50808

3Com forms home networking unit....................... mediacentral.com 01-13-99 14:56 EST Headlines 3Com forms home networking unit SANTA CLARA, Calif. (Reuters) - 3Com Corp. said Wednesday it formed a home networking business unit as the market for home networking grows. Currently, about 30.5 percent of personal computer households in the United States want to connect devices such as PCs, printers and televisions in their homes so they can be centrally controlled and shared, according to a Yankee Group survey. The maker of computer networking equipment said in a statement that Roy Johnson, who has been serving as its general manager, has been appointed vice president and general manager of the unit. ''Consumers require solutions to connect a growing number of PCs and other devices, such as the Palm connected organizer, to each other and to the Internet. 3Com will meet this need with home gateways that provide shared, high-speed Internet access and network interfaces to interconnect devices within the home,'' the company said in a statement. Home networking is expected to grow in the coming years as more homes acquire multiple computers and related-gadgets.

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