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To: ibrandybuck who wrote (54522)	9/21/1998 12:01:00 PM
From: Duke	Read Replies (1) \| Respond to of 61433

3Com Shares Rise Amid Optimism for Fiscal 1st-Quarter Earnings Santa Clara, California, Sept. 21 (Bloomberg) -- 3Com Corp. shares rose as much as 20 percent amid optimism that the No. 2 computer-networking company will meet analysts' expectations when it reports fiscal first-quarter earnings tomorrow. 3Com shares rose 1 to 31 7/16 in late morning trading of 4.42 million, making it the eighth-most active stock in U.S. markets. Earlier, the shares surged to 36 1/2. 3Com is the top maker of low-cost networking gear such as telephone modems and personal-computer connector cards, which usually have strong sales in the back-to-school season. Although the company is expected to report that per-share earnings fell to less than half that of a year ago, investors see that as an improvement over 3Com's steeper profit plunges in the December and March quarters. ''There's a confidence level (among investors) that they won't blow the quarter,'' said Bill Becklean, an analyst with Tucker Anthony Inc., who rates 3Com ''outperform.'' Even so, slower European sales probably will mean quarterly revenue will be only slightly higher than the $1.38 billion 3Com reported for the quarter ended in May, Becklean said. Santa Clara, California-based 3Com is expected to earn 20 cents a diluted share, down from 47 cents in the year-earlier quarter, according to First Call Corp. The company will report earnings for the quarter ended Aug. 28 after the close of regular U.S. trading tomorrow. 11:51:57 09/21/1998 Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1998 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.