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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: Peter Yang who wrote (10599)	11/20/1997 9:22:00 PM
From: craig crawford	Read Replies (1) \| Respond to of 45548

Thursday November 20, 6:38 pm Eastern Time Company Press Release 3Com Announces Redemption of Convertible Subordinated Notes SANTA CLARA, Calif.--(BUSINESS WIRE)--Nov. 20, 1997--3Com Corporation (NASDAQ:COMS - news), a leading global data networking company, today announced plans to redeem its 10-1/4% Convertible Subordinated Notes due in 2001 as of December 23, 1997. The Noteholders have the right to convert the notes into shares of 3Com Common Stock at a conversion price of $34.5625 per share. The aggregate principal amount of the Notes is $110.0 million. Assuming none of the notes is converted, the total cash payment to redeem such notes is expected to be approximately $114.9 million. About 3Com 3Com Corporation enables individuals and organizations worldwide to communicate and share information and resources at anytime from anywhere. As one of the world's preeminent suppliers of data, voice and video communications technology, 3Com has delivered networking solutions to more than 100 million customers worldwide. With global reach and local touch, the company provides enterprises, network service providers and carriers, small businesses and consumers with comprehensive, innovative information access products and system solutions for building intelligent, reliable and high performance local and wide area networks. 3Com has worldwide revenues of approximately $6.0 billion and employs about 13,200 employees in 45 countries. 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 of 3Com Corporation.