To: Scrapps who wrote (11355 ) 1/7/1998 11:50:00 AM From: Moonray Respond to of 22053
Law Offices of Dennis J. Johnson: Class Action Against 3Com Corporation BURLINGTON, Vt., Jan. 7 /PRNewswire/ -- The following statement is being issued by the Law Offices of Dennis J. Johnson: To all Persons or Institutions Who Acquired Common Stock of 3Com Corporation (Nasdaq: COMS) Between May 19, 1997 and November 6, 1997, you are hereby notified that on January 6, 1998, a class action complaint was filed in the United States District Court for the Northern District of Illinois on behalf of all persons who acquired 3Com Corporation ("3Com") common stock between May 19, 1997 and November 6, 1997, inclusive (the "Class Period"). The Complaint charges 3Com and certain of its officers and directors with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Plaintiff claims that defendants artificially inflated the price of 3Com's stock by issuing statements about 3Com's acquisition of U.S. Robotics Corp., 3Com's success in integrating U.S. Robotics operation into 3Com following the acquisition, the state of 3Com's "channel inventories," and efforts to reduce the amount of channel inventory. As a result of defendants' misrepresentations and omissions, 3Com's stock traded as high as $59 11/16 per share during the Class Period, before dropping to below $30 per share when the truth was finally revealed. Plaintiff seeks to recover damages on behalf of himself and all other persons who acquired 3Com common stock during the Class Period, excluding the defendants and their affiliates, and is represented by The Law Offices of Dennis J. Johnson. The Law Offices of Dennis J. Johnson is a law firm that primarily prosecutes complex class actions on behalf of plaintiffs in the areas of securities and consumer fraud. Based in South Burlington, Vermont, the firm has prosecuted leading actions on behalf of defrauded investors in numerous public companies resulting in the recovery of tens of millions of dollars and has been singled out for its excellence by various courts. If you are a member of the Class described above, you may, no later than January 30, 1998, move the Court to serve as lead plaintiff of the Class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Dennis J. Johnson or Jacob B. Perkinson of The Law Offices of Dennis J. Johnson at 802-862-0030 (collect) or via e-mail at LODJJ@aol.com. Copyright 1998, PR Newswire CONTACT: Dennis J. Johnson or Jacob B. Perkinson of The Law Offices of Dennis J. Johnson, 802-862-0030, LODJJ@aol.com nasdaq! o~~~ O