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

To: drmorgan who wrote (28773)	3/4/1999 10:08:00 PM
From: W.F.Rakecky	Read Replies (1) \| Respond to of 45548

Thanks for putting the USR gear into perspective and how it fits in the mix!

To: drmorgan who wrote (28773)	3/5/1999 9:03:00 AM
From: Moonray	Read Replies (1) \| Respond to of 45548

INTERVIEW-3Comsees revenue growing in Asia Reuters - Friday March 5, 4:52 am Eastern Time SINGAPORE, March 5 (Reuters) - Recovering Asian economies will help boost revenues for 3Com Corp in the Asia-Pacific region despite the computer networking giant's recent earnings and revenues warning, a senior company executive said on Friday. ''We are starting to see growth now in Asia-Pacific. After going through last year's currency crisis, countries and economies are more stable now,'' Sanjiv Verma, general manager for 3Com South Asia, told Reuters in an interview. ''We are seeing growth now and we believe this will continue,'' he said of revenues in the Asia-Pacific region, which account for 11-13 percent of the company's global revenues. ''As Asia-Pacific is growing, we will see a higher percentage in the overall company revenues,'' he said. On Tuesday 3Com warned shareholders that its revenues would fall short of expectations. It also said it expected to earn roughly 23 cents a share in the third quarter ended February 28, far below consensus estimates of 36 cents a share. 3Com has a market capitalisation of more than US$17.7 billion. Its revenues totalled US$5.6 billion in 1997. ''We did experience some slow demand in Americas, but in Asia-Pacific we didn't see that situation,'' Verma said. Business in China, Hong Kong, South Korea, Taiwan and Singapore was doing well and was growing at a rapid pace in India, he said. 3Com, the second largest U.S. computer networking company, accounted for 27 percent of the market share in the Asia-Pacific region. Verma said 3Com would continue to increase its market share but declined to give a target. 3Com on Friday announced a US$4 million investment over the next two years to build and support information technology education infrastructure in Asia Pacific. The computer networking firm has a product mix that includes networking systems and and components necessary for building a networking infrastructure from a single source. o~~~ O