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

To: Steve Chang who wrote (30288)	4/27/1999 8:14:00 PM
From: E_K_S	Read Replies (1) \| Respond to of 45548

TO Thread - Latest news from 3COMS on the speculation.. "We do not comment on speculation and rumors..." 07:57 PM ET 04/26/99 3Com says no comment on takeover speculation SAN FRANCISCO, April 26 (Reuters) - 3Com Corp. will make a bid, traders said. Ericsson has said in the past that it is interested in acquiring Silicon Valley companies to boost its presence in the growing computer networking field. "We do not comment on speculation and rumors," said a spokesman for Santa Clara, Calif.-based 3Com, when asked to comment on the Ericsson stories. 3Com stock rose 75 cents to $26.56 on the Nasdaq, after a sharper rise of $4 Friday. Ericsson rose 3.3 percent in Sweden Monday on the talk of a deal. "The rumor that Ericsson would be interested in 3Com is helping (boost) the shares," a broker said. Ericsson also declined to comment on the market talk, which began on Friday. Ericsson Chief Executive Sven-Christer Nilsson said earlier this month that he did not rule out making large acquisitions in the data networks area. On Saturday, he said the company's strategy was to buy companies that complemented its own technology. A much-followed Silicon Valley analyst, Michael Murphy, of California Technology Stock Letter, was quoted by the Internet- based service, StockHouse, last Thursday saying he recommended the 3Com stock based partly on his expectation that the company will be taken over by year end. StockHouse also quoted analysts from Lehman Brothers and Needham & Co. as saying the company would make an attractive takeover target. In their race to compete in the fast-growing data communications business, a number of traditional suppliers to the telephone companies have bought new units. Lucent, the former AT&T unit, agreed to Ascend the start of the year and on Monday, Britain's General Electric Co. said it agreed to buy diversified communications equipment maker Fore Systems Inc. for $4.5 billion. (Dick Satran, dick.satran@reuters.com, San Francisco office 415-677-2500) ================================================================= Still no comment...... EKS