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Technology Stocks : 3Com Corporation (COMS)
COMS 0.00130-13.3%Nov 7 11:47 AM EST

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To: fname who wrote (45017)12/11/2000 8:14:54 PM
From: max power  Read Replies (1) of 45548
 
3Com forms development alliance with Broadcom
By Bloomberg News
December 11, 2000, 4:00 p.m. PT
update 3Com, a maker of equipment to link computers, gave Broadcom the right to purchase about 2 percent of its stock and formed a development alliance with the maker of communications chips.

Broadcom will pay $35 million for a warrant to acquire 7.1 million 3Com shares over two years, chief executive Henry Nicholas said in an interview.
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