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

To: Glenn D. Rudolph who wrote (22253)	9/24/1998 9:01:00 PM
From: Robohogs	Respond to of 45548

thanks

To: Glenn D. Rudolph who wrote (22253)	9/24/1998 9:30:00 PM
From: Taby	Read Replies (1) \| Respond to of 45548

Watch for upgrades in the next few days.

To: Glenn D. Rudolph who wrote (22253)	9/25/1998 1:15:00 AM
From: Moonray	Read Replies (1) \| Respond to of 45548

Analysts: 3Com can hold its own USAToday - 09/23/98- Updated 10:42 AM ET PALO ALTO, Calif. — Despite recurring rumors that it could be a takeover target, 3Com is positioned to be a strong, independent company in the years ahead, analysts and company executives say. The No. 2 networking firm is coming out of a few rough quarters. Tuesday, it beat analyst estimates — reporting first-quarter earnings of about $94 million, or 26 cents a diluted share, compared to a loss of $51 million, or 15 cents a share, in the year-ago quarter. Revenue was down 12% to $1.4 billion. The company has been hurt by falling prices, the Asian economic crisis and trouble integrating modem maker US Robotics, which it acquired last year. 3Com has lost some of its pricing power on modems, says analyst Martin Pyykkonen of CIBC Oppenheimer. But CEO Eric Benhamou says the company should benefit as a growing number of Internet service providers offer high-speed data service to their customers and as more companies combine data and voice transmission onto a single ''converged'' network. 3Com is among the top providers of those technologies. Most analysts agree. When rumors circulated in recent weeks that chip giant Intel was interested in acquiring all or part of 3Com, industry experts questioned why 3Com would want to give up any of its market to a competitor. 3Com and Intel are the dominant vendors of devices to connect PCs to networks. Neither company would comment on the rumors. ''It's not a real complementary combination because there is so much overlap,'' says John Armstrong, analyst at Dataquest. Armstrong says 3Com has an edge because its modem business and its Palm Pilot and Palm III palm-top computers have given it a foothold in the consumer market. ''Cisco is just getting out of the gate. Bay has been trying'' to win consumer business. But 3Com already has it, he notes. That's exactly why Benhamou thinks his company is best off on its own. ''We have a very differentiated position in the industry,'' Benhamou says. ''Our strategy has always been and continues to be an independent player that provides connection service'' all the way from end users to the big public networks. ''No other company can do that.'' o~~~ O