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

To: Grislee bear who wrote (30366)	4/29/1999 12:50:00 AM
From: puborectalis	Read Replies (1) \| Respond to of 45548

Company Press Release 3Com CEO Eric Benhamou Sees Further Deployment of Broadband Technology Increasing E-Business Demand 3Com Named as One of the Top Ten E-Commerce Companies by Business 2.0 Magazine PALO ALTO, Calif.--(BUSINESS WIRE)--April 28, 1999--3Com® Corporation (Nasdaq:COMS - news) Chairman and CEO Eric Benhamou today predicted that the rapid deployment of broadband connections to Internet users and the media-rich applications the connections enable will generate millions of new customers seeking to conduct online commerce. ''High bandwidth technologies, like broadband, make shopping online a more informative experience and economical choice, and will create an exploding opportunity for businesses with the right strategy and model,'' said Benhamou during a presentation to the FORTUNE/Stanford Graduate School of Business Summit on the E-Corporation. 3Com is a leader in broadband technologies that enable all communications traffic including networking data, voice, and video to run over a single wiring infrastructure, including coaxial cable and telephone lines. According to a recent study by Merrill Lynch, online business-to-consumer transactions are expected to rise to between $35 billion and $75 billion by 2002, up from about $8 billion a year in 1998. 3Com estimates that the installed base of broadband subscribers will increase from approximately two million this year to more than 14 million by 2002. ''As the network infrastructure expands, the scope and impact of e-business will grow accordingly,'' Benhamou said. ''For example, handheld Internet access through products like the PalmVII(TM) wireless connected organizer will further push the boundaries of e-commerce by providing instant access to Internet data.'' 3Com was recently named one of the top ten e-commerce companies by Business 2.0 Magazine, May 1999. The magazine cited 3Com's recent acquisition of Smartcode Technologie as part of its plan to extend market share of electronic devices and deliver wireless Web access. ''This rapid shift to conducting business online will expand access to new markets, help improve customer intimacy, retention and profitability, and lower barriers to entry,'' Benhamou said. ''We are entering an era in business when speed matters more than size.''

To: Grislee bear who wrote (30366)	4/29/1999 12:55:00 AM
From: puborectalis	Respond to of 45548

3COM and WLANs - Investment Ideas By The-Adviser.com - Thurday, 4/29/99 released on 4/26/99. SERVICES Money Management Portfolio Reviews 401(k) Rollovers Retirement Financial Plans Estate Plans College Savings Ask The-Adviser Clients Only WHY US Benefits Available Services "Interview Us" Fee Information Disclosures Applications Clients Only THE COMPANY Background Philosophy The Press Policies Opportunities LINKS Home Page Related Links Stock Quotes New York - 3COM is a leading supplier of local area networks (LANs) and wide area networks (WANs) systems. It recently reorganized internal business units to target small and midsize businesses and individual consumers. 3COM took on the business reorganization because it found itself unable to compete with firms such as CISCO and LUCENT who are increasingly focusing on large businesses. With revenue soft and business difficulties surrounding the company, holders of 3COM stock have watched their value plunge from a 52 week high of $51 to a low of $20. The Company believes that its focus on home and small business networking products, particularly wireless area networks, will position the company to the forefront of a new computing era. This era will consists of hand held Internet enabled computer appliances that connect to the Internet via a wireless network. As 3COM attempts to reposition itself - it finds itself involved in takeover speculation. SIEMENS and ERICSSON have apparently expressed interest. These rumors have sent the stock up from $20 to a current value of about $25 (on the date of this report 4/18/99). Despite this increase, our analysts believe that 3COM (COMS) is currently undervalued. The underlying business, despite softness, appears to be healthy. The markets for wireless-networks, home appliances and hand-held mobile computing products such as the Palm Pilot will grow significantly. It is not a matter of if but a matter of when. We believe the current price decline provides an ideal opportunity for an investor looking to increase or initiate a position in this fast growing arena. As far as takeover talks, we believe that 3COM is susceptible to being acquired. This industry will certainly be consolidated. In addition to 3COM, we believe small but established firms such as Proxim (PROX) and Telxon (TLXN) are susceptible to being acquired. We expect 3COM to trade between $25 and $35 until business performance improves. Should acquisition talks continue, 3COM may trade higher. Our three year target stock price for 3COM is $80. An acquisition at anytime would provide additional returns.