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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

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Nov 7 11:47 AM EST

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To: Martin Milani who wrote (11416)	12/3/1997 4:25:00 PM
From: Roader	Read Replies (1) of 45548

eutsche Bank Buys $50M Data Network From 3Com Dow Jones News Service via Dow Jones SANTA CLARA, Calif. (Dow Jones)--Deutsche Bank AG (DTBKY) will replace its existing banking services network with a $50 million high-speed data network from 3Com Corp. (COMS). In a press release Wednesday, Deutsche Bank said the network will connect more than 1,600 branches and will process about 13 million transactions a day. The company said the network, which is based on Asynchronous Transfer Mode technology, will support the front and back office, home banking and online financial applications. Deutsche Bank said the purchase is part of its $1 billion project to update its information technology infrastructure and install a new data network. The company said it expects the network to be completed by year's end.

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