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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Ibexx who wrote (64395)	9/11/1998 1:21:00 AM
From: Dale J.	Respond to of 186894

Ibexx and thread, The Motley Fool's Market Movers (Heroes) The Motley Fool - September 10, 1998 18:45 September 10, 1998/FOOLWIRE/ -- Networking products maker 3Com Corp. (Nasdaq: COMS) gained $1 15/16 to $27 5/16 as The Wall Street Journal reported that the company will spend $100 million over the next two years to form joint ventures in China, which 3Com expects will eventually be "very significant" to its revenues. However, the real factor moving the stock today was speculation that chip giant Intel (Nasdaq: INTC) will make a bid for all or part of 3Com's business. While some speculators live and die by the old "buy on the rumor, sell on the news" adage, there is little reliable proof that any deal is forthcoming from the companies. But for fun, a possible agreement could be in the works for 3Com's network interface card (NIC) unit, which has had its nose bloodied lately by Intel's aggressive pricing strategies. Unfortunately for Intel, a NIC link-up would almost surely raise the antitrust hounds' ears, as the combined operation would control an estimated 70% of the market for the devices.