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To: RR who wrote (37607)	6/7/2001 4:07:00 PM
From: seahorse	Read Replies (1) \| Respond to of 65232

What time is INTC cc? seahorse

To: RR who wrote (37607)	6/7/2001 4:14:59 PM
From: Sully-	Respond to of 65232

3COM Warns.......... 3Com Discontinues Consumer Cable and DSL Modems, Gives Guidance for Q4, FY01 Results SANTA CLARA, Calif.--(BUSINESS WIRE)--June 7, 2001--Today 3Com Corporation (Nasdaq: COMS - news) announced it will discontinue its line of consumer cable and digital subscriber line (DSL) modems. This announcement does not impact 3Com's continued focus on business DSL routers and modems which are products that target small business and enterprises and remain a critical part of 3Com's strategy. 3Com is also updating the market outlook for its fiscal fourth quarter ended June 1, 2001. Beginning in December 2000, 3Com embarked on a program to return to profitability and position the company for growth. An important part of the program is discontinuing product lines that lack the potential to deliver superior growth and financial returns. There is an industry-wide glut of consumer cable and DSL modems that has driven down prices and margins. Therefore, 3Com is discontinuing its consumer cable and DSL modem product lines to focus on technologies and markets that can deliver greater shareholder value. All existing customer orders and warranties will be honored. ``This announcement is consistent with the direction 3Com announced in December,'' said Bruce Claflin, 3Com president and chief executive officer. ``Our strategy is to focus on businesses and service providers, delivering advanced networking solutions that leverage leading edge technologies. These are areas that play to 3Com's strengths.'' Updated Financial Guidance for Q4 FY01 For the fourth fiscal quarter ended June 1, 2001, 3Com anticipates revenues will be in the range of US$450 million to $475 million. Lower sales volumes negatively affected manufacturing utilization and led to increased provisions for excess inventories. This, combined with one-time charges related to 3Com's restructuring efforts, will result in gross margins that are expected to be negative. Operating expenses, excluding restructuring charges, non-recurring costs, and amortization of goodwill, are expected to reflect more savings than originally expected. Cash and equivalents are expected to be between $1.5 - $1.6 billion. 3Com's fourth quarter results will be announced on June 26, 2001. ``Business conditions worsened in 3Com's fourth quarter,'' said Claflin. ``However, 3Com is taking the steps necessary to achieve future profitability in this unfavorable climate. Today's announcement to discontinue consumer DSL and cable modem products is an important part of our plans.'' About 3Com Corporation 3Com simplifies how people connect to information and services through easy-to-use, connectivity products and solutions for businesses. The company also provides access infrastructures and IP services platforms for network service providers. For further information, visit www.3com.com or the press site at www.3com.com/pressbox. Safe Harbor: The anticipated quarterly results contained in this release are forward-looking, and actual results could differ materially, based upon actual shipments and product mix during the remainder of the quarter, as well as any accounting adjustments made during the quarterly close. For further discussion of risk factors applicable to 3Com's business, please refer to the company's report on form 10-Q for the quarter ended March 30, 2001. -------------------------------------------------------------------------------- Contact: 3Com Corporation Brian D. Johnson, 408/326-1962 (Media Relations) brian_d_johnson@3com.com Matt Shimao, 408/326-3853 (Investor Relations) matt_shimao@3com.com biz.yahoo.com Ö¿Ö

To: RR who wrote (37607)	6/7/2001 4:22:47 PM
From: Sully-	Read Replies (1) \| Respond to of 65232

Intel Second Quarter Outlook Within Previously Expected Ranges SANTA CLARA, Calif.--(BUSINESS WIRE)--June 7, 2001--Intel Corporation today provided a planned update to the company's Outlook for its second quarter, which ends June 30. Intel announced its intention to provide a mid-quarter Business Update when it reported first quarter 2001 results on April 17. Intel expects that revenue, gross margin percentage and expenses for the second quarter will be within the previous expectations and slightly below the midpoint of the ranges provided on April 17. The company continues to see stability in the microprocessor business and weakness in its communications related businesses. Intel still expects a seasonally stronger second half. All other expectations remain unchanged, with the exception of amortization of goodwill and other acquisition related intangibles and costs, which is expected to be higher due to the impact of acquisitions that have closed within the current quarter. The company will hold a conference call for press and analysts at 2:30 p.m. PDT to discuss this Business Update. The conference call is open to the general public via the Internet at www.intc.com. Intel's second quarter 2001 Business Outlook appears as part of the company's first quarter 2001 earnings release, available at www.intc.com/intel/finance/earnings.htm. Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom. The statements contained in this Business Update and in the April 17 Business Outlook are forward-looking statements that involve a number of risks and uncertainties. Gross margin percentage varies primarily with revenue levels, product mix, product pricing, changes in unit costs, and timing of factory ramps and associated costs. Expenses may vary from the company's expectation depending, in part, on revenue and profits. The expectation as to gains from equity investments and interest and other assumes no net gains from the sale of equity investments and will vary depending on equity market levels and volatility, the realization of expected gains on investments, including gains on investments acquired by third parties, determination of impairment reserves, interest rates, cash balances, mark-to-market of derivative instruments, and assuming no unanticipated items. Other factors that could cause actual results to differ materially include the following: business and economic conditions and growth in the computing and communications industries in various geographic regions; changes in customer order patterns; changes in the mixes of microprocessor types and speeds, purchased components and other products; competitive factors, such as rival chip architectures and manufacturing technologies, competing software-compatible microprocessors and acceptance of new products in specific market segments; pricing pressures; development and timing of introduction of compelling software applications; excess or obsolete inventory and variations in inventory valuation; continued success in technological advances, including development and implementation of new processes and strategic products for specific market segments; execution of the manufacturing ramp; excess manufacturing capacity; the ability to grow new networking, communications, wireless and other Internet-related businesses and successfully integrate and operate any acquired businesses; impact of events outside the United States such as the business impact of fluctuating currency rates or unrest or political instability in a locale, such as unrest in Israel; unanticipated costs or other adverse effects associated with processors and other products containing errata (deviations from published specifications); litigation involving antitrust, intellectual property, consumer and other issues; and other risk factors listed from time to time in the company's SEC reports, including but not limited to Form 10-Q for the quarter ended March 31, 2001. Note: Intel Corporation will host a teleconference live on the Intel Investor Relations Web site (www.intc.com) today at 2:30 p.m. PDT. To listen to a replay of the conference call, please call (719) 457-0820; access No. 551989. The replay will be available from 5 p.m. PDT today until 5 p.m., PDT on Thursday, June 14. Other names and brands may be claimed as the property of others. -------------------------------------------------------------------------------- Contact: Intel Corporation Doug Lusk, 408/765-1679 (Investor Relations) Tom Beermann, 408/765-6855 (Press Relations) biz.yahoo.com Ö¿Ö