SANTA CLARA, Calif. (Dow Jones)--3Com Corp. (COMS) and U.S. Robotics
Corp. (USRX) plan to organize their combined operations around three self-contained,
global business units after their merger.
In a press release Monday, 3Com also said Bob Finocchio, president of 3Com
Systems, decided to leave the company ''for personal reasons.''
Finocchio will continue with 3Com in a strategic counsel role and complete his
transition out of the company following the completion of its fiscal year ending May 31.
Under the proposed organization of a combined U.S. Robotics and 3Com, the three
units will continue 3Com's focus on its four strategic markets - enterprise, carrier, small
business and consumer.
The enterprise systems business unit will design, market, manufacture and sell
enterprise products including hubs, switches, routers and network management
software.
The carrier systems business unit will design, market, manufacture and sell carrier class
communications systems for network service providers. The client access business unit
will design, market, manufacture and sell client access products for LANs and WANs
through reseller channels.
3Com expects to disclose more details within 30 days, and the new organization will
become operational following the merger closing sometime this summer.
(END) DOW JONES NEWS 04-14-97 4:03 PM
Copied from the PRODIGY(R) service 04/14/97 16:43 |
