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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Jim who wrote (41703)	5/18/1999 8:54:00 AM
From: D.Austin	Read Replies (1) of 90042

Anyone home? MUNICH, May 17 (Reuters) - German industrial group Siemens AG <SIEG.F> has no plans to buy its U.S. partner 3-Com <COMS.O>, Siemens chief executive officer Heinrich von Pierer said on Monday. "We don't want to buy 3-Com, rather we want to continue our cooperation with them," von Pierer said at a news conference. Recent media reports said several international companies were interested in taking over 3-Com. Von Pierer also said that Siemens planned to sell off all shares in its semiconductor division in the long term. 07:39 05-17-99 Copyright 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.

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