Company Press Release
3Com CEO Eric Benhamou Sees Further Deployment
of Broadband Technology Increasing E-Business
Demand
3Com Named as One of the Top Ten E-Commerce Companies by
Business 2.0 Magazine
PALO ALTO, Calif.--(BUSINESS WIRE)--April 28, 1999--3Com® Corporation (Nasdaq:COMS - news) Chairman and
CEO Eric Benhamou today predicted that the rapid deployment of broadband connections to Internet users and the media-rich
applications the connections enable will generate millions of new customers seeking to conduct online commerce.
''High bandwidth technologies, like broadband, make shopping online a more informative experience and economical choice,
and will create an exploding opportunity for businesses with the right strategy and model,'' said Benhamou during a presentation
to the FORTUNE/Stanford Graduate School of Business Summit on the E-Corporation.
3Com is a leader in broadband technologies that enable all communications traffic including networking data, voice, and video
to run over a single wiring infrastructure, including coaxial cable and telephone lines.
According to a recent study by Merrill Lynch, online business-to-consumer transactions are expected to rise to between $35
billion and $75 billion by 2002, up from about $8 billion a year in 1998. 3Com estimates that the installed base of broadband
subscribers will increase from approximately two million this year to more than 14 million by 2002.
''As the network infrastructure expands, the scope and impact of e-business will grow accordingly,'' Benhamou said. ''For
example, handheld Internet access through products like the PalmVII(TM) wireless connected organizer will further push the
boundaries of e-commerce by providing instant access to Internet data.''
3Com was recently named one of the top ten e-commerce companies by Business 2.0 Magazine, May 1999. The magazine
cited 3Com's recent acquisition of Smartcode Technologie as part of its plan to extend market share of electronic devices and
deliver wireless Web access.
''This rapid shift to conducting business online will expand access to new markets, help improve customer intimacy, retention
and profitability, and lower barriers to entry,'' Benhamou said. ''We are entering an era in business when speed matters more
than size.''
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