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Technology Stocks : Newbridge Networks

NN 14.21

+1.7%

Nov 28 9:30 AM EST

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To: paulk who wrote (17176)	2/17/2000 9:32:00 PM
From: paulk	of 18016

3COM denies the report in this updated article. Siemens, 3Com, Newbridge Consider Listing for Venture (Update1) By Andrew Bulkeley (Adds 3Com comment in 2nd paragraph.) Munich, Feb. 17 (Bloomberg) -- Siemens AG, Europe's fourth- largest mobile phone maker, and partners Newbridge Networks Corp. and 3Com Corp. are considering listing their computer network joint venture on a U.S. exchange to keep it competitive against rivals such as Cisco Systems Inc. and Lucent Technologies Inc., the German Finanzen magazine reported in a preview of its March edition, citing unidentified banking sources. The companies also likely will exchange some of their own shares with each other as part of the listing. ``The companies are talking intensively about a share exchange,' the paper quoted an unidentified analyst as saying. 3Com spokesman Brian Johnson said the report is false and the company has no such joint venture. (Finanzen 3/99) www4.techstocks.com

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