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

To: Glenn D. Rudolph who wrote (14495)	3/18/1998 6:29:00 PM
From: Mang Cheng	Read Replies (1) \| Respond to of 45548

"3COM plans links for assault on Europe" Wednesday March 18, 5:59 pm Eastern Time By Neil Winton, Science and Technology Correspondent Hanover, March 18 (Reuters) - U.S. computer network equipment maker 3COM Corp (COMS - news) said on Wednesday it plans an aggressive move to boost its business in Europe and is seeking takeover candidates or partners to do so. The Santa Clara, California-based 3COM, which is also an important player in the hand-held computer market with its Palm Pilot, wants to build on its partnership with German technology powerhouse Siemens AG (OTC BB:SMAWY - news; SIEG.F). It is also working with Swedish telecommunications giant Ericsson, looking at the prospects for a competitor to Nokia (NOKSa.HE) of Finland's Communicator 9000 product. This combines a mobile phone with fax, E-mail and Internet connections. ''We have partnerships in Europe with other technology companies so we would be very interested in continuing to look at opportunities to invest, to acquire or partner with companies to build our presence in Europe and beyond,'' said Janice Roberts, 3COM senior vice-president, marketing and business development. Roberts said Europe was big business already for 3COM, but the company did not publish definitive sales figures for the region. ''I can't give you numbers, we don't break those out, but I can tell you that if you look at our past financial numbers, look at our last quarter in December we did $1.13 billion overall, and I would suggest that just under 40 percent of that is European business.'' ''Our partnership with Siemens; we are working on a whole new concept of converged networking. This is basically bringing together voice, video and data communications over one single network.'' ''We will continue to grow that relationship. That will also help us to get into PTTs where Siemens is a very strong presence.'' 3COM is seeking to build on the success of its Palm Pilot hand-held computer. This product has been a huge success in the U.S., capturing about 66 percent of the market. It currently holds about 28 percent of the European market. ((Neil Winton +44 171 542 7975 neil@jinks.demon.co.uk biz.yahoo.com Mang