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

To: joe who wrote (26266)	12/21/1998 12:31:00 PM
From: Wigglesworth	Respond to of 45548

3Com compared with ugly monkeys, looks lovely! 3Com Seen Beating 2Q Views Of 31c By A Few Pennies By JOELLE TESSLER Dow Jones Newswires NEW YORK -- 3Com Corp. (COMS) should report earnings a penny or two above the consensus estimate of 31 cents a share for its fiscal second quarter ended November, analysts said. The networking company, which reported a restated 1 cent a share for the year-ago period, is scheduled to announce its results after the market closes Tuesday. 3Com has spent much of the past year coping with bloated inventory levels - particularly in the modem business it acquired with the purchase of U.S. Robotics - but is now on a recovery track, analysts said. The company should benefit in the second quarter and in the quarters ahead from favorable year-over-year comparisons after 3Com restated its results in March to better reflect poor business conditions from U.S. Robotics. "People are going to love the comparisons for the next few quarters," said Nutmeg Securities analyst Andy Schopick. Donaldson Lufkin & Jenrette Securities Corp. analyst Stephen Koffler is estimating 3Com will report about $1.52 billion in revenue, up from $1.4 billion a year earlier. It is, in fact, not a networking product that is driving much of 3Com's robust growth right now. According to Sanford Bernstein & Co. analyst Paul Sagawa, the Palm Pilot hand-held computing device is experiencing strong sales this Christmas season and accounts for nearly 10% of 3Com's revenue at this point. A rebound in PC demand also is helping 3Com by driving sales of network access cards and modems. While modem sales weren't as strong as expected earlier in the year after the adoption of the 56K modem standard in February, Sagawa noted that most modems being sold these days are 56K modems. 3Com also has been benefiting from an improvement in gross margins in recent quarters, analysts said, as the company ramps up its manufacturing operations after slowing production earlier in the year to cut inventory levels. Sagawa expects gross margins to come in relatively level with last quarter's level of 44.8%.

To: joe who wrote (26266)	12/22/1998 3:31:00 PM
From: Moonray	Respond to of 45548

3Com Becomes Global Network Interface and Modem Supplier to Hewlett-Packard; HP and 3Com Deepen Collaboration BW - 02:37 p.m Dec 22, 1998 Eastern SANTA CLARA, Calif.--(BUSINESS WIRE)--Dec. 22, 1998--3Com Corp. (Nasdaq:COMS) and Hewlett-Packard Co. have announced an agreement that will place 3Com network interface cards (NICs) and modem product across HP's entire line of personal computers. The agreement includes several new initiatives that will increase desktop/network management while lowering total cost of ownership for business, small office, workstation, consumer and mobile PC systems. "HP and 3Com have been working closely over the last 18 months," said Duane E. Zitzner, HP vice president and general manager for the Personal Systems Group. "Together we have made significant strides in delivering PCs with the highest quality, most reliable connections available today." The extensive HP and 3Com agreement and initiatives encompass: 1) Pre-installation of the best selling 3Com Fast EtherLink(R) 10/100 Mbps Desktop Ethernet PCI network interface cards (NIC) in HP's Vectra and Brio corporate PCs systems and HP's Kayak workstation. For the mobile user, co-labeling of HP and 3Com Megahertz(R) 10/100 Mbps Cardbus PC Cards with XJACK are offered with HPs Omnibook notebook PCs. 2) Availability of 3Com NICs and modems through a channel assembly program for HP's Netserver line of PC-based network servers and as preferred networking options for the Pavillion line of home computers offered through Circuit City. Additionally, a new channel assembly program has been established whereby HP/3Com-certified accessory products will be available through both companies' distribution channels. 3) Establishment of co-branding efforts for the small business market with the HP JetDirect OfficeConnect(R) Print Server which enables seamless network printing in virtually any small business environment. "Our channel partners and end users have a strong preference for the combination of HP systems with 3Com network interface cards, modems and mobile products," said Tom Werner, vice president and general manager of 3Com's LAN Connectivity Divisions. "Working together, HP and 3Com can certify the compatibility of 3Com network interface cards and modems in HP systems while making it easier for the channel to get these products sold, installed and on-line faster than ever before." HP also has joined the 3Com Connected(TM) program, an aggressive, multi-million dollar branding and channel development program that teams 3Com with leading PC manufacturers, national resellers and distributors from around the world. The 3Com Connected name represents an ingredient brand from 3Com signifying well-known, best-in-class network and personal connectivity products, pre-installed in popular PCs. About 3Com Corp. With more than 200 million customers worldwide, 3Com Corp. connects more people to information in more ways than any other networking company. 3Com delivers innovative information access products and network system solutions to large, medium and small enterprises; carriers and network service providers; PC OEMs; and consumers. 3Com -- More connected(TM). For further information, visit 3Com's World Wide Web site at www.3com.com or the press site at www.3com.com/pressbox. Copyright 1998, Business Wire o~~~ O