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

To: hitesh puri who wrote (18766)	7/7/1998 5:45:00 PM
From: joe	Respond to of 45548

Palm founders to leave 3Com By Jeff Pelline Staff Writer, CNET NEWS.COM July 7, 1998, 9:35 a.m. PT news.com 3Com said that two high-ranking executives of its Palm Computing unit are resigning to start their own business. The two will leave the company on Friday. Palm founder Jeff Hawkins, along with Donna Dubinsky, 3Com's vice president and general manager of Palm Computing, will start a company that will make hardware for and become a licensee of the Palm Computing platform. Hawkins had been Palm's chief technology officer. No details of the new company's plans were yet available. "Jeff and Donna have decided to return to the small company entrepeneurial world, and to create a new start-up company," Janice Roberts, 3Com's senior vice president of global marketing and business development, said in a statement. "We are pleased that they will continue to invest their talents in broadening and growing the successful Palm Computing platform as we continue to expand licensees and extend our leadership position in the emerging handheld computing market." Roberts, together with the senior management team at Palm Computing, will continue to manage the Palm business. "[Palm] has become an increasingly important part of 3Com's overall business, and I am confident that it will continue to prosper under 3Com and Janice's ongoing leadership," Donna Dubinsky, 3Com vice president and general manager of Palm Computing, said in a statement. "As an entrepeneur, I look forward to continuing to support the growth of the platform as a licensee." Thus far, PalmPilots have dominated the handheld computer market. Over 1.6 million PalmPilots have been sold since May 1996, and the user base will be around 2.2 million by the end of 1998, according to analysts. Despite the Palm Pilot's popularity, however, the market for handheld devices as a whole has grown in fits and bursts, analysts said. Few companies other than 3Com have found the devices to be a profitable, as seen by Apple's decision to abandon its Newton device. (See related story) Nevertheless, 3Com faces intense competition.

To: hitesh puri who wrote (18766)	7/7/1998 6:09:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

hitesh, Thanks for the notes on the analyst reports. BTW, where do you get these? They didn't mention anything about gigabit ethernet and layer 3 switch-routers? I'm confused, you say your not abandoning the 3Com dog, but sounds like your taking a break during FQ1...possibly return later aye? I guess you got seduced by the Yahoo and Amazon group. All it took was one day huh<g>? Well, when you come back we will the the 3Com dog very well trained and mannered. He will be the showdog of the network neighborhood. All other dogs will cringe when they see him. And no more cr*pping on you know where<gg>.