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

To: David Lawrence who wrote (29914)	4/23/1999 9:48:00 AM
From: Moonray	Read Replies (2) \| Respond to of 45548

Or, at this low price, any SOB with enough sense to buy the company, sell Palm to IBM (they'd love to use their chips), use the money to lay off half the company in order to push earnings to $3.00. If there is to be a suitor, it'll almost certainly be a European concern..... o~~~ O

To: David Lawrence who wrote (29914)	4/23/1999 2:37:00 PM
From: Moonray	Read Replies (1) \| Respond to of 45548

3Com Shares Rise on Speculation of Buyout, Possible Unit Sales Bloomberg - 4/23 12:50 Santa Clara, California, April 23 (Bloomberg) -- 3Com Corp. shares rose as much as 21 percent amid speculation that the No. 2 networking company may sell off some of its less-profitable businesses or be acquired by a large phone-equipment maker. 3Com rose 4 to 26 5/16 in early afternoon trading of 20.6 million shares, making it the second-most active stock in U.S. markets. Earlier, the shares touched 27. 3Com's stock has plunged more than 40 percent this year as falling prices on the company's PalmPilot hand-held computers and low-cost modems and connector cards hurt sales. 3Com Chief Executive Eric Benhamou last week unveiled a minor reorganization as part of a plan to target faster-growth markets. ''They need a major reorganization,'' said William Becklean, an analyst with Tucker Anthony Inc. who rates 3Com ''market perform.'' The company's markets have slowed significantly and its product line is thin, said Becklean and another analyst. ''It would make sense for them to sell off some businesses,'' said Erik Suppiger, an analyst at Hambrecht & Quist who doesn't yet rate the stock. The company also could be an acquisition target for a large European phone-equipment maker like Ericsson AB or Siemens AG, which have said they're looking to acquire more networking companies. ''3Com has technology that a lot of those (phone-equipment companies) want,'' said Esmeralda Silva, an analyst with market researcher Forrester Research. o~~~ O