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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-58.1%

Nov 14 9:30 AM EST

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To: Finder who wrote (13411)	1/20/1998 10:15:00 AM
From: jim bender	Read Replies (1) of 45548

U.S. PC Giants To Form Modem Venture - NYT AP-Dow Jones News Service NEW YORK -- Three of the largest computer companies in the U.S. are teaming up with a telecommunications giant to make fast-speed modems widely available by Christmas, The New York Times reported Tuesday. Compaq Computer Corp. (CPQ), Intel Corp. (INTC) and Microsoft Corp. (MSFT) will announce the venture at a communications conference in Washington next week, the newspaper said, citing executives involved in the alliance. They have met with the GTE Corp. (GTE) and four or five Baby Bells to agree on technical standards. Bell Atlantic (BEL) is said to be the only major regional phone company to opt out of the project. The new modems, which would run at speeds up to 30 times faster than existing popular models, would plug into normal telephone lines but remain connected to outside telephone lines at all times without the need to dial a service provider, The New York Times reported.

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