Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: kathyh who wrote (40302)	5/14/1999 9:30:00 AM
From: Starduster	Read Replies (2) \| Respond to of 90042

Top Financial News Fri, 14 May 1999, 9:25am EDT Stocks May Rise in U.S.; 3Com Gains on Speculation It Will Be Taken Over By Nicola Hobday London, May 14 (Bloomberg) -- U.S. computer stocks rose in Europe on speculation 3Com Corp. could be a bid target, lifting hopes for more takeovers in the industry. Shares in Boeing Co. also climbed after the company said it will lay off staff in an effort to cut costs. 3Com, the No. 2 networking-equipment maker, is being touted as a takeover target, said Business Week's ''Inside Wall Street'' column. The magazine said there's speculation the bidder may be Swedish wireless phonemaker Ericsson AB and several other potential bidders are lurking, including Lucent Technologies Inc. ''All these technologies are converging and it's going to be one great big corporate play,'' said David Donnelly, who manages a global equity hedge fund at Gordon House Asset Management worth about $9 million. The sector has ''large growth, exciting companies and corporate activity -- what else could you want as a fund manager?'' 3Com shares rose 1 to 27 1/2, according to Madoff Securities International in London. Among other computer related shares, Intel Corp. rose 1/2 to 60 5/8, Hewlett-Packard Co. gained 3/8 to 87 3/8 and Microsoft Corp. climbed 1/2 to 79 5/8.