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


To: Michael Ohlendorf who wrote (29960)4/23/1999 2:29:00 PM
From: LABMAN  Respond to of 45548
 
POTENTIAL BIDDERS , ERICKSON TOP FAVOURITE

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Thursday April 22, 9:47 am Eastern Time

Company Press Release

SOURCE: StockHouse Media Corporation

California Technology Analyst Tells
StockHouse.com: Ericsson to Buy
3Com; Others Hint at Possible Takeover

MIAMI, April 22 /PRNewswire/ -- California Technology Stock Letter analyst Michael Murphy
confirmed in a StockHouse feature interview that his recent Buy recommendation on 3Com
(Nasdaq: COMS - news) was based on his expectations that Ericsson would takeover 3Com by
year-end. Murphy warned that a weak 3Com Q4, if the company did not meet their earnings
expectations, would ''absolutely'' place 3Com into takeover play. Murphy believes that Ericsson
met 3Com for buyout talks about ''3 weeks ago.'' Murphy suggested other suitors might include
Siemens, Alcatel, Nokia or Lucent.

In a separate interview, Needham & Co. analyst Peter Lieu told StockHouse, in response to a
possible takeover by Ericsson, Siemens, Alcatel, Nokia or Lucent, ''...there's tremendous value. I
tell people the analogy I draw is that if you have a pretty girl go to a dance and she's all alone and
you try to make your bet on who's going to take her home, chances are there will be a lot of
interest. But, you can't really pick, who she's going to go home with. I'm looking at a company
with $6 billion of sales, and if you take the cash away from the market value -- it's selling at 1X
sales? It's a bargain. It's an extraordinary bargain. This is not a crappy company. This is a
company that earns gross margins of 47 percent.''

In a StockHouse Special Report, Lehman Brothers analyst Tim Luke told StockHouse, ''They
(Ericsson) are definitely looking at a larger acquisition in the equipment base and are specifically
interested in 3Com's remote access business.''

The two StockHouse interviews and the StockHouse Special report may be viewed online after
10 a.m. (EDT) at www.stockhouse.com.

StockHouse Media Corporation is an Internet financial media information service company
providing breaking news about North American stocks via their Internet publication,
StockHouse.com. With over 700,000 visitors per month, StockHouse has emerged as a leading,
online, global financial content provider. A subsidiary, StockHouse Canada is the #1 Canadian
financial web site, where an estimated 18% of Canadian online investors conduct investment
research. StockHouse maintains offices in the United States of America, Canada, and Australia.

SOURCE: StockHouse Media Corporation

More Quotes and News:
3Com Corp (Nasdaq:COMS - news)
Related News Categories: computers, internet, networking

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Questions or Comments?

LM



To: Michael Ohlendorf who wrote (29960)4/23/1999 2:32:00 PM
From: Jeff R  Respond to of 45548
 
Yea... Just like no one could possibly pay $60 Bil for a cable Co...

Oh... that is happening today... hmm...



To: Michael Ohlendorf who wrote (29960)4/23/1999 2:41:00 PM
From: Y. Samuel Arai  Read Replies (1) | Respond to of 45548
 
Will there be this much volume and jump in price on a wild rumour?
I think there is some substance here...



To: Michael Ohlendorf who wrote (29960)4/23/1999 5:14:00 PM
From: Harold S. Kirby  Respond to of 45548
 
Michael: In the 10's ??? Come on...you are a real dreamer! Take a course in Mangerial Accounting & Mangerial Finance...it will certainly reward you in max ROI. You are standing at the dock while the ship sails without you...guess you feel you are a "good swimmer" and will be able to catch up! Let's hope you will have enough $$$ to pay your passage! What shoes are you going to eat....tennis shoes?! Rather see you eat Edwards!LOL!

HKirby



To: Michael Ohlendorf who wrote (29960)4/23/1999 6:48:00 PM
From: David Lawrence  Read Replies (2) | Respond to of 45548
 
>>Certainly not INTC. They have their own networking business.

Yes, but it has not achieved anywhere near their expectations. I would not summarily rule them out as a potential suitor. Intel needs a fast and sustained migration to high-bandwidth applications in order to drive the next generation of processors.