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Technology Stocks : Ascend Communications (ASND)
ASND 196.81-4.9%3:59 PM EST
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To: djane who wrote (51970)8/12/1998 4:28:00 PM
From: djane  Read Replies (1) of 61433
 
Rumors about COMS acquisition (via 3Com thread)

To: 3Com Boy (20467 )
From: Goldrushy
Wednesday, Aug 12 1998 3:41PM ET
Reply # of 20477

Perhaps the following from Stockrumors.com provided some of today's action.

AUGUST 12, 1998
Rumors persist and do not seem to want to die dealing with an acquisition of
3COM CORP (COMS) currently $28 7/8 . We have reported previously on June 17,
1998 that for quite some time 3 COM Corp has been mentioned as a takeover
target the story at that time was ERICSSON L M TEL CO (ERICY) as the possible
suitor. A couple of weeks later we reported a similar rumor on July 5th in
the BUZZ and BITS section of the site that many traders were reportedly
whispering rumors that 3Com Corp. (COMS), could possibly be in talks with
communications giant Siemens. A couple of days ago Barrons reported that
David Bernstein, managing director of investment bank Westhill Group said,
Adaptec Inc., which makes adapter cards used to link personal computers to
printers and other devices, could be bought by Intel Corp. or 3Com Corp.
Today we are reporting another rumor circulating dealing with 3COM AND INTEL.
INTEL CORP (INTC) is rumored to be buying 3COM CORP (COMS) $28 7/8
-(Volume
Today: 7,990,000)(30-Day Avg. Volume: 7,080,000)

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