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To: bargainman who wrote (5156)	3/4/1999 12:32:00 PM
From: DiB	Respond to of 19700

Siemens to expand data networking business-NYTimes NEW YORK, March 4 (Reuters) - Siemens AG (quote from Yahoo! UK & Ireland: SIEG.F) is about to expand into the data networking business by creating a new American unit, buying two private U.S. companies, investing in another company and hiring a senior executive from IBM Corp. (NYSE:IBM - news), the New York Times reported, citing executives close to the company's planning. Europe's manufacturing giant is also in preliminary talks with 3Com Corp. (Nasdaq:COMS - news) about paying $1.2 billion for the 3Com unit that sells networking equipment to phone companies, the executives told the newspaper. Siemens is expected to announce Monday that it has agreed to buy data networking firms Westford, Mass.-based Castle Networks Inc. for $300 million cash and Littleton, Mass.-based Argon Networks for $240 million cash, the executives told the New York Times. ... A deal with 3Com would be for cash, and executives close to the talks told the New York Times that the nation's second largest U.S. computer networking firm recently asked Newbridge Networks (Toronto:NNC.TO - news) of Canada if it would be interested in buying the 3Com equipment unit, but Newbridge declined. An announcement is expected Monday.