More of the same, except it's in a different venue. Perhaps a pop tomorrow due to being published in BW:
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3Com possible takoever target - Business Week
NEW YORK, May 13 (Reuters) - 3Com Corp. (COMS - news), whose stock price has lost almost half its value since just before Christmas, is again being viewed as a takeover target, Business Week reported in its May 24 issue.
Business Week said Mike Murphy, editor of the California Technology Stock Letter, named Ericsson and Lucent Technologies Inc.(LU - news) as among those who might be interested in acquiring 3Com.
''We think 3Com will be taken over at 40 to 50 a share by yearend, or sooner,'' Murphy told the magazine.
However, a 3Com spokeswoman told Business Week it was not the company's strategy to be acquired.
3Com stock has fallen from 51 on Dec. 23, 1998, to close at 26-9/16 on Thursday. |
