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

To: jimbos who wrote (30678)	5/7/1999 10:35:00 AM
From: Moonray	Respond to of 45548

3Com Cuts Price of Two Older PalmPilots as Much as 25 Percent Santa Clara, California, May 6 (Bloomberg) -- 3Com Corp., the No. 2 maker of networking equipment, cut the price on two of its older PalmPilot models as much as 25 percent as it looks to spur sales in advance of a new version expected in June. 3Com cut the price of the Palm III to $249 from $299, a 17 percent drop, and the older PalmPilot Professional Edition was cut 25 percent to $149 from $199. The price of the Palm V was unchanged. 3Com plans to begin shipping the Palm VII, which will have a wireless Internet connection, next month. The PalmPilot is the market-leading electronic organizer, with more than 3 million units sold since its introduction in 1996. The product line is 3Com's fastest-growing and contributes about 10 percent of annual sales at 3Com, which reported less-than-expected revenue and profit for the quarter ended Feb. 26. Santa Clara-based 3Com shares fell 7/16 to 25 7/16. The company announced the price cuts after the close of regular U.S. trading. o~~~ O