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Technology Stocks : COMS/USRX

COMS 0.00130

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Nov 3 1:38 PM EST

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To: Jeffery E. Forrest who wrote ()	5/2/1997 5:12:00 PM
From: Jeffery E. Forrest	of 1384

3Com grows confident of non-dilutive deal Reuters Story - April 30, 1997 16:58 FINANCIAL US ELI ELC COMS USRX INTC V%REUTER P%RTR SAN FRANCISCO, April 30 (Reuter) - 3Com Corp Chief Executive Officer Eric Benhamou Wednesday said he is growing increasingly confident the company's planned acquisition of U.S. Robotics Corp will be non-dilutive to earnings. "With two more months of knowledge we have much more confidence that we will achieve that result," Benhamou said at the Hambrecht & Quist technology conference here. 3Com and U.S. Robotics announced their merger in February, and they hope to complete it as early as June. In addition, Benhamou said the company's business in adapter cards, which connect personal computers to networks, gained market share from rival Intel Corp in the recently completed first quarter. "Our share continued to increase in the first three months of the year despite agressive moves by Intel," Benhamou said, citing research reports. 3Com and Intel are two of the largest companies in the adapter card market. Earlier this month, Intel unveiled inexpensively-priced products in the market, sending shares of 3Com falling as mush as two points in one day.

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