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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00400

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Dec 5 9:30 AM EST

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To: Joe S Pack who wrote (28126)	2/17/1999 1:25:00 AM
From: twt	Read Replies (2) of 45548

Cut and paste from Yahoo news......significant news? Wednesday February 17, 12:59 am Eastern Time BellSouth, 3Com enter high-speed Internet alliance ATLANTA, Feb 16 (Reuters) - Regional phone operator BellSouth Corp. (NYSE:BLS - news) and network equipment supplier 3Com Corp. (Nasdaq:COMS - news) on Wednesday said BellSouth plans to offer high-speed Internet services over its phone lines in its southeast U.S. service area. BellSouth shares soared more than 10 percent ahead of this announcement, closing up 4-13/16 at 49- in New York Stock Exchange composite trade on Tuesday. This is the widest deployment of high-speed Internet services via ADSL (asymmetric digital subscriber line) and will be available to over five million customers in 30 southeastern markets during the first half of 1999. The BellSouth.netSM FastAccessSM ADSL service will compete with high-speed services offered over cable television, provided by AtHome Corp. (Nasdaq:ATHM - news) and AT&T Corp. (NYSE:T - news) following its acquisition of Tele-Communications Inc. (Nasdaq:TCOMA - news). It will also compete with Internet access provided over phone lines by MindSpring Enterprises Inc.(Nasdaq:MSPG - news) BellSouth will use 3Com equipment in its offices, and the companies will offer 3Com modems and BellSouth high-speed services through joint retail and online locations and BellSouth sales offices to encourage people to use the service for Internet access. The companies plan to offer equipment that meets ADSL industry standards that allow it to run on any high-speed network by the middle of 1999. This alliance is part of BellSouth's data strategy, which the company said it expects to generate more than $5 billion in data services revenue annually by 2002.

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