COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

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Nov 7 11:47 AM EST

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To: jhild who wrote (12995)	2/23/1998 12:42:00 PM
From: Moonray	Read Replies (1) of 22053

3Com Commits Additional $1 Million in Networking Solutions to Internet2 Project - Monday February 23, 11:00 am Eastern Time New Donation Brings Total 3Com Contribution to Over $2 Million SANTA CLARA, Calif.--(BUSINESS WIRE)--Feb. 23, 1998--3Com Corporation (NASDAQ:COMS - news), a leader in providing innovative networking infrastructures for educational institutions worldwide, today announced that it is raising its overall contribution to universities participating in the Internet2 project to $2 million in leading-edge networking technologies. Internet2 is a partnership among federal research agencies and leaders in the information technology industry to help the nation's most prominent universities build next-generation computer networks that support advanced education and research applications. Last fall, 3Com was named a Corporate Partner of Internet2 and committed an initial $1 million in networking equipment to assist universities in upgrading their campus network designs. In addition to the total $2 million in equipment grants, 3Com is also providing engineering expertise and technical support to Internet2 universities to help them create and manage advanced campus network infrastructures that meet their technology objectives. biz.yahoo.com With 365 million shares, this $2 million does not effect the bottom line. Note it is not cash but equipment grants. My feeling is that this money is well spent and will return many times over in the future. Anyone else have thoughts? o~~~ O

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