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To: Jing Qian who wrote (2828)	4/25/1999 6:19:00 AM
From: puborectalis	Respond to of 7772

NEWYORK TIMES JUMPS IN AS WELL>>>>>>>>...........3Com Stock Rises Amid Takeover Rumors Filed at 5:57 p.m. EDT By Kimberly Caisse for Computer Reseller News, CMPnet 3Com stock received a boost Friday amid speculation that it is ripe for a takeover by any company interested in gaining a foothold in the data-communications market. Just prior to the market's close, 3Com shares were up 18.5 percent to 26 7/16. However, that is down considerably from the company's 52-week high of 51 1/8 and about 6 more than its 52-week low. It is the third Friday in a row that 3Com's stock price increased because of takeover rumors. Potential suitors mentioned in reports circling Wall Street include European cellular-phone companies Nokia and Ericsson, telecom-equipment maker Lucent Technologies, Apple Computer, and Siemens, a long-standing 3Com partner. 3Com, based in Santa Clara, Calif., declined to comment. 3Com is trying to improve itself and Wall Street's opinion of the company, said Craig Johnson, principal at The PITA Group, in Portland, Ore. "A week ago 3Com finally took action to cordon off their [network interface card]and modem business," Johnson said. "They seem to be taking action to distance themselves from their low-margin business." 3Com's stock fell in February following the company's preannouncement that its third quarter earnings would be lower than expected. "The rumors are very credible," said Jim Slaby, an analyst at Giga Information Group, in Cambridge, Mass. "I think now is the right time to do it." Overall, 3Com is a strong networking company, analysts said. The problem is it has disparate products aimed at disparate markets, Slaby said, pointing to the market differences between the Palm Computing handhelds, switches, remote-access servers, and client-access products. (c) 1999 CMP Media Inc.