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

To: Duke who wrote (22346)	9/28/1998 10:35:00 AM
From: joe	Respond to of 45548

First Oracle, now Sybase. Hopefully these two will be at each others throats to see who can dominate the Palm. Sometimes I think that if COMS spun off the Palm division as sort of an IPO, we'd double or triple the worth of those shares<g> joe

To: Duke who wrote (22346)	9/28/1998 11:09:00 AM
From: Moonray	Respond to of 45548

3Com CEO Eric Benhamou Calls On Federal Government to Rapidly Increase Funding for Technology R&D In Keynote Address to Internet2 Conference, Benhamou Outlines Economic Danger of Present R&D Funding Levels SAN FRANCISCO--(BUSINESS WIRE)--Sept. 28, 1998-- "The Federal government must rapidly increase R&D funding to help develop high-performance computer capabilities, like Internet2, if our economy and consumers are to realize technology's full potential for eliminating the barriers of access, time and distance," 3Com CEO and Chairman Eric Benhamou said Sunday in a keynote address to the fall Internet2 conference in San Francisco. "The present Federal investment in technology research is woefully inadequate to meet the challenge of driving continued economic progress into the 21st century." Internet2 is a partnership among Federal research agencies and leaders in the information technology industry to help the nation's leading research universities build next-generation computer networks that support advanced education and research applications. "The technology and applications being developed and perfected on Internet2 campuses will deliver affordable high-speed, high-performance networking technology to the home user within three years, as long as the appropriate resources are made available," Benhamou said. Benhamou is a member of the President's Information Technology Advisory Committee (PITAC) which recently submitted a report to the president outlining the implications of the serious shortfall in government information technology (IT) research. The committee's report pointed out that the technical advances that led to today's information tools, including the Internet, began with Federal government support of research by private industry and universities. The report also stated that one-third of the total growth in U.S. production since 1992 has come from businesses that produce computers, semiconductors, software and communications equipment. Over 130 U.S. Internet2 campuses are working to deploy next-generation converged network technology, or networks that combine the parallel voice, video and data traffic onto a single network, reducing communications, operations and network management expenses. Converged networks are a prerequisite to realizing the benefits of a new generation of applications, including IP telephony. 3Com Corporation (Nasdaq:COMS), a leader in developing and implementing next-generation networking technology, recently estimated the global market for capital equipment to enable convergence technology in the enterprise to be $15-20 billion a year by 2003. "Like ARPANET and the Internet, Internet2 will drive the development of new applications, like digital libraries, distributed education and collaborative research, that will lead our economy and society into a new era," Benhamou said. "We are limited only by our commitment and our creativity." Last fall, 3Com was named a Corporate Partner of Internet2 and has committed an initial $1 million in networking equipment to assist universities in upgrading their campus network designs. In addition to the total $2 million in equipment grants, 3Com is also providing engineering expertise and technical support to Internet2 universities to help them create and manage advanced campus network infrastructures that meet their technology objectives. About 3Com 3Com Corporation enables individuals and organizations worldwide to stay more connected by communicating and sharing information and resources anytime, anywhere. As one of the world's preeminent suppliers of data, voice and video communications technology, 3Com has delivered networking solutions to nearly 200 million customers worldwide. The company provides large enterprise, small and medium enterprise, carriers and network service providers, and consumers comprehensive, innovative information access products and system solutions for building intelligent, reliable and high performance local and wide area networks. For further information, visit 3Com's World Wide Web site at 3com.com or the press site at 3com.com. Note to Editors: 3Com is a registered trademark of 3Com Corporation. CONTACT: 3Com Corporate Communications Peter Ruzicka, 408/326-5853 Peter_Ruzicka@3Com.com o~~~ O