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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Pareti who wrote (82970)	6/7/1999 6:19:00 AM
From: Process Boy	Respond to of 186894

Joseph - <The question I have is whether it make sense to average the price down or not.> Thank you for posting this. It makes interesting speculation. Disclaimer: I have no idea if Intel is in the market, or not, for any of the examples cited. PB You are responding to this message from Joseph Pareti on Jun 7 1999 5:57AM EST would this make sense for Intel ? I know 3com is not best in class and I would not bother NOW if it were not my blunder of buying 2 years ago. The question I have is whether it make sense to average the price down or not. The-Adviser.com - Sunday, 6/6/99 New York - We believe that acquisitions and mergers, particularly in the technology sector will occur at an increasing pace over the next several weeks due to the proposed elimination of pooling transactions by the Financial Accounting Standard Boards (FASB). This week, we focus attention on 3COM and Broadcom. Broadcom - Being Shopped - The-Adviser.com is exclusively reporting that Broadcom Corp, an integrated circuits maker for broadband communications is being shopped by an elite Wall Street firm. Our sources indicate that a presentation detailing synergies and potential deal structures was presented to senior management of several companies including Intel and Texas Instruments. Broadcom currently trades at $110 as compared to $83 11/16 when originally recommended by The-Adviser.com on 4/18/99. With the proliferation of broadband networks and the convergence of the television set with the PC, our analysts believe that Broadcom is in the right market in the right time. They supply virtually every computer chip that goes in a cable modem or digital box. An acquisition by Texas Instrument or Intel would make business and financial sense. 3COM - Still on the market? - 3COM is a leading supplier of local area networks (LANs) and wide area networks (WANs) systems. It recently reorganized internal business units to target small and midsize businesses and individual consumers. 3COM took on the business reorganization because it found itself unable to compete with firms such as CISCO and LUCENT who are increasingly focusing on large businesses. On 4/18/99 - we reported that SIEMENS and ERICSSON were in the market to buy 3COM. Last week, SIEMENS officially announced they were no longer interested. We believe that INTEL, LUCENT and ERICSON are the only interested parties left. INTEL has recently announced new initiatives to move into the market for home wireless products. An acquisition by Intel would be a way to thwart anticipated revenue declines. Intel remains an interested party. The stock currently trades at $29. We believe target acquisition price would approximate $38 to $40. Our three year target on 3COM remains at $80. the-adviser.com;