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Technology Stocks : Intel Corporation (INTC)
INTC 41.41+2.2%Dec 5 9:30 AM EST
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To: Paul Engel who wrote (62376)8/12/1998 11:35:00 PM
From: exhon2004  Read Replies (1) of 186894
 
Paul and Intel Investors:

re DownSouths question about NIC's:

Check out the following:

Intel Corp.
Dow Jones Newswires -- August 12, 1998
3Com Up 9.6%; Acquisition Rumor Cited

By Mark Boslet

PALO ALTO, Calif., (Dow Jones)--3Com Corp. (COMS) shares rose 9.6% on a rumor that chip giant Intel Corp. (INTC) was interested in buying the company, market sources said.

Analysts, however, said they believed a combination of the two companies was unlikely.

A 3Com spokesman declined to comment on the rumor. An Intel spokesman couldn't immediately be reached.

Analysts questioned whether the two companies' businesses would make a good fit. Intel's main line of business is computer chips, though it has signaled its desire to expand into networking equipment.

Nevertheless, Intel already makes adapter cards and for that reason probably wouldn't be interested in 3Com's adapter card operations.

3Com also has modem operations that analysts say Intel might not find interesting.

3Com shares rose 2 5/8 to 30 on Nasdaq volume of 13.6 million. Average daily volume is 7.5 million.

Intel shares rose 1 1/16, or 1.3%, to 85 5/8.

-By Mark Boslet; 650-496-1366

One other poster indicated this was reported at rumors.com. While WSJ doesn't make the rumor any more likely it is main stream reporting.

Best Regards,

Greg Gimelli
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