SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?


To: jhild who wrote (12995)2/23/1998 8:52:00 AM
From: Moonray  Read Replies (1) | Respond to of 22053
 
Thanx jhild, that URL is a hoot! Have sent it to relatives as
proper care and maintenance of modems. And here I thought the
best-use policy for a 28k was for a door stop.

o~~~ O



To: jhild who wrote (12995)2/23/1998 9:28:00 AM
From: Jeffery E. Forrest  Read Replies (1) | Respond to of 22053
 
ROFLMFAO!!
It is a good modem.
Radical!



To: jhild who wrote (12995)2/23/1998 12:42:00 PM
From: Moonray  Read Replies (1) | Respond to of 22053
 
3Com Commits Additional $1 Million in Networking Solutions
to Internet2 Project - Monday February 23, 11:00 am Eastern Time

New Donation Brings Total 3Com Contribution to Over $2 Million

SANTA CLARA, Calif.--(BUSINESS WIRE)--Feb. 23, 1998--3Com Corporation
(NASDAQ:COMS - news), a leader in providing innovative networking
infrastructures for educational institutions worldwide, today
announced that it is raising its overall contribution to universities
participating in the Internet2 project to $2 million in leading-edge
networking technologies.

Internet2 is a partnership among federal research agencies and leaders
in the information technology industry to help the nation's most
prominent universities build next-generation computer networks that
support advanced education and research applications.

Last fall, 3Com was named a Corporate Partner of Internet2 and
committed an initial $1 million in networking equipment to assist
universities in upgrading their campus network designs. In addition
to the total $2 million in equipment grants, 3Com is also providing
engineering expertise and technical support to Internet2 universities
to help them create and manage advanced campus network infrastructures
that meet their technology objectives.

biz.yahoo.com

With 365 million shares, this $2 million does not effect the
bottom line. Note it is not cash but equipment grants. My feeling
is that this money is well spent and will return many times over
in the future. Anyone else have thoughts?


o~~~ O



To: jhild who wrote (12995)2/23/1998 4:50:00 PM
From: Dee Jay  Read Replies (1) | Respond to of 22053
 
"And here I thought that COMS had reserved that as a benefit just to their shareholders. :^)" - ---

WILMINGTON, Del. (Dow Jones)--In their eagerness to acquire U.S.
Robotics Corp., directors of 3Com Corp. (COMS) offered secret promotional deals to retailers and distributors in the first two quarters of 1997, according to a stockholders' derivatives action filed in Delaware Chancery Court last week.

In order to make the company's revenue more attractive, 3Com directors
convinced distributors to accept greater-than-normal shipments of products,like its Ethernet Adapter Card, according to the suit filed on behalf of shareholder Steve K. Wasserman and the Wasserman family trust.

By overstating the demand for its products, the company artificially inflated revenue for the first two quarters of 1997, the suit states.
3Com's directors allegedly timed the merger with U.S. Robotics to occur at the close of 3Com's fiscal year, to "camouflage its true financial performance, while at the same time boosting share prices," the suit states. But news of the company's lackluster performance hit the market before the deal was completed, according to the suit.

(MORE) DOW JONES NEWS 02-23-98

Yes, I know - it's "old news" except it's on today's DJ Newswire. Maybe some of the details aren't so old news - as they come out some of you who saw their paper profits declining may get a little p---ed.
FWIW