glenn, i share your confidence... i think you can do anything!!
one more coms article before i go...
kathy :)
cbs.marketwatch.com
By Janet Haney, CBS MarketWatch
Last Update: 4:32 PM ET May 14, 1999 Movers & Shakers
SANTA CLARA, Calif. (CBS.MW) -- Shares of 3Com surged nearly 8 percent Friday as yet another round of takeover talk swirled around the networking giant, but this time some new suitors may be emerging.
Potential acquirers said to be interested in the computer networking company this time are Ericsson (ERICY: news, msgs) and Lucent Technologies (LU: news, msgs), a published report said.
3Com, based in Santa Clara, Calif., said it doesn't comment on rumor speculation.
Similar talk circulated in late April, when unsubstantiated reports mentioned Ericsson, as well as Intel (INTC: news, msgs) and Siemens AG. See archived story.
Comments by tech pundit Michael Murphy, published in the latest edition of BusinessWeek, sparked the latest speculation. 3Com shares (COMS: news, msgs) jumped 2 to 28 9/16 on heavy volume of 20.3 million shares.
Doubts
Scott Heritage, an analyst at Warburg Dillon Read, said he doesn't think 3Com is going to be bought.
"Rumors have been circulating about 3Com for years. Lucent is not going to buy 3Com, it's not going to happen," Heritage told CBS.MarketWatch.com.
Sweden's Ericsson makes communications equipment for wired and mobile communications. Its shares fell 1 3/16, or 4.2 percent, to 26 7/8.
Lucent Technologies (LU: news, msgs) also manufactures communications equipment and software which enables its user to provide wireline and wireless access. Shares of the Murray Hill, N.J.-based company were down 2 3/8 to 58 5/8.
Janet Haney is an online reporter for CBS MarketWatch.
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