Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: David Lawrence who wrote (28488)	3/2/1999 5:42:00 PM
From: Moonray	Respond to of 45548

DOUG SPRENG TO LEAVE 3COM; JEF GRAHAM TO LEAD CLIENT ACCESS BUSINESS UNIT SANTA CLARA, Calif.--(BUSINESS WIRE)--March 2, 1999--After seven years at 3Com, Doug Spreng, senior vice president of 3Com's Client Access business unit, will leave the company on June 1, the start of 3Com's new fiscal year. Effective immediately, leadership of the Client Access business unit -- 3Com's network interface card (NIC), PC card and modem businesses -- will transition to Jef Graham, currently vice president and general manager of the company's Mobile Communications division. Spreng will move to 3Com's executive offices to work on several strategic initiatives, including enhancing 3Com's client access business strategy, overseeing the company's recent entry into the Storage Area Networking market and aiding in the expansion of 3Com's OEM business. "Under Doug's direction, 3Com's broad range of desktop, server and mobile network interface card business grew fivefold and doubled its worldwide market share position," said Bruce Claflin, 3Com's president and chief operating officer. "Additionally, over the past year, Doug has spearheaded tremendous process improvements in our traditional modem operations and significantly grown our business in both modems and NICs with top-tier PC OEMs. While we understand Doug's desire to explore new opportunities, we will miss his leadership and competitive spirit." "I'm extremely proud of the team we have built in the Client Access business unit and the results we've achieved over the past seven years," said Spreng. "Given that we have an outstanding successor in Jef Graham, it's now time for me to pursue new challenges and move on to the next phase of my career." Spreng recruited Jef Graham, a former Hewlett-Packard colleague, to 3Com in 1995 as vice president and general manager of 3Com's PC Card business, and vice president of marketing for the company's NIC business. Jef has over 20 years of experience in global hardware and software product development, systems marketing, and integration services business management for computer and networking companies. Responding to the enormous growth of mobile PCs, Graham and his team leveraged 3Com's networking expertise and renowned manufacturing and distribution capabilities to grow 3Com's worldwide PC card business dramatically. Today, 3Com commands a leading share of both the worldwide modem and LAN PC card markets. Additionally, the 3Com 56K Cellular-capable Modem PC Card recently won the prestigious Network Computing "Editor's Choice" award while the 3Com Megahertz(R) 56K Global Modem PC Card garnered the "Editor's Choice" award from PC Magazine as well as PC Computing's "Best Award" and "MVP Award." About 3Com Corporation With more than 200 million customers worldwide, 3Com Corporation 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 3com.com or the press site at 3com.com. 3Com and Megahertz are registered trademarks and More connected is a trademark of 3Com Corporation o~~~ O

To: David Lawrence who wrote (28488)	3/2/1999 8:10:00 PM
From: Scrapps	Respond to of 45548

>>>>DOUG SPRENG TO RESIGN JUNE 1.<<< Is this the start of the legal defense??

To: David Lawrence who wrote (28488)	3/3/1999 11:28:00 AM
From: Moonray	Respond to of 45548

Downgrades so far today: 3Com Corp. Cut to Short-Term 'Market Perform' at Everen Princeton, New Jersey, March 3 (Bloomberg Data) -- 3Com Corp. (COMS US) was downgraded to short-term ''market perform'' from ''market outperform'' by analyst Christin Armacost at Everen Securities. The long-term ''outperform'' rating remains unchanged. 3Com Corp. Cut to 'Market Perform' at Tucker Anthony Princeton, New Jersey, March 3 (Bloomberg Data) -- 3Com Corp. (COMS US) was downgraded to ''market perform'' from ''market outperform'' by analyst William R. Becklean at Tucker Anthony. 3Com Corp. Cut to 'Market Perform' at BT Alex. Brown Princeton, New Jersey, March 3 (Bloomberg Data) -- 3Com Corp. (COMS US) was downgraded to ''market perform'' from ''buy'' by analyst James P. Wade at BT Alex. Brown Incorporated. 3Com Corp. Cut to 'Buy' at Credit Suisse First Princeton, New Jersey, March 3 (Bloomberg Data) -- 3Com Corp. (COMS US) was downgraded to ''buy'' from ''strong buy'' by analyst Paul J. Weinstein at Credit Suisse First Boston Inc. 3Com Corp. Cut to 'Neutral' at Morgan Stanley DW Princeton, New Jersey, March 3 (Bloomberg Data) -- 3Com Corp. (COMS US) was downgraded to ''neutral'' from ''outperform'' by analyst George Kelly at Morgan Stanley Dean Witter. 3Com Corp. Cut to 'Buy' at Needham & Co. Princeton, New Jersey, March 3 (Bloomberg Data) -- 3Com Corp. (COMS US) was downgraded to ''buy'' from ''strong buy'' by analyst Peter Lieu at Needham & Co. Lieu cut his FY99 est. to $1.09 from $1.36 and cut FY00 to $1.28 from $1.90 per share. Reiterations so far today: 3Com Corp. Reiterated 'Buy' at J.P. Morgan Princeton, New Jersey, March 3 (Bloomberg Data) -- 3Com Corp. (COMS US) was reiterated ''buy'' by analyst William D. Rabin at J.P. Morgan Securities. o~~~ O