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To: Technopeasant who wrote (9521)	2/10/1999 8:10:00 PM
From: nord	Read Replies (1) \| Respond to of 18016

3Com Acquires Smartcode Technologie for $17.5 Million Santa Clara, California, Feb. 10 (Bloomberg) -- 3Com Corp., the No. 2 network-equipment maker, said it bought Smartcode Technologie for $17.5 million in cash to add wireless technology to the software that runs 3Com's PalmPilot hand-held computer. 3Com said the purchase won't affect its 1999 results. 3Com will use closely held Smartcode, based in Montpellier, France, and its 33 employees as the ''nucleus'' for a European software development center headed by Smartcode Chief Executive Alain Molinie, 3Com spokesman Todd Irwin said. 3Com said last week it will ship its new PalmVII, which will have a wireless connection to let users access the Internet, in April or May. Buying Smartcode, which has partnerships with wireless-equipment makers and service providers such as Alcatel SA and Motorola Inc., gives 3Com faster access to the European market for its wireless Palm products. ''It would have taken (3Com) a lot longer to develop those relationships on their own,'' said Diana Hwang, an analyst with market researcher International Data Corp. The PalmPilot, which leads the market for hand-held computers, is 3Com's fastest-growing product line and accounted for about 10 percent of the company's $1.54 billion in sales for the quarter ended in November. Smartcode had $20 million in sales in 1998, Irwin said. PalmPilot had 40 percent of the market for hand-held computers in 1998, according to market-research firm Dataquest Inc. The shares of Santa Clara, California-based 3Com fell 1 1/2 to 30 9/16. 16:29:57 02/10/1999 Wonder what the other $ 70M from Siemens will be targeted for? Regards Norden