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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (63489)	9/30/1999 3:42:00 PM
From: Moosie	Respond to of 90042

Business Editors/High-Tech Writers SANTA CLARA, Calif.--(BUSINESS WIRE)--Sept. 30, 1999--3Com Corporation, a global networking leader, today announced that its Board of Directors has authorized the repurchase of up to 10 million additional shares of the company's common stock. Such purchases would be made in the open market from time to time and would, in part, offset the issuance of shares for employee stock plans. This new extension follows previous authorizations for 15 million shares in June 1999, 10 million shares in March 1999 and 10 million shares in June 1998. During the first quarter of fiscal 2000 the company repurchased 15.4 million shares, bringing the total number of shares repurchased since June 1998 to 30.2 million. The amount and timing of shares to be purchased will be based on several factors, including the price of the company's stock, the level of stock issuances under the company's employee stock plans and market conditions. There is no set time limit on the repurchases and, except for reissuances in connection with employee stock programs, there are no specific plans for shares that might be purchased. About 3Com Corporation With over 300 million customers worldwide, 3Com Corporation connects more people to information in more ways than any other networking company. 3Com delivers innovative information access products, and residential connectivity and network system solutions to customers including enterprises, small businesses, carriers and network service providers. 3Com -- More connected.(TM) For further information, visit 3Com's World Wide Web site at 3com.com or the press site at 3com.com. Note to Editors: 3Com is a registered trademark and More connected is a trademark of 3Com Corporation. --30--pw/sf* CONTACT: 3Com Shirley Stacy, 408/326-6301 (Investor Relations)