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

To: Doug who wrote (30941)	5/14/1999 11:50:00 AM
From: Moneysmith	Read Replies (2) \| Respond to of 45548

This is worth reading:................................. The Inside Wall Street column in this week's Business Week had positive things to say about ACTV (IATV:Nasdaq), Wells Fargo (WFC:NYSE) and 3Com (COMS:Nasdaq). The column says ACTV could attract more interest because of its e-commerce and interactive television technology. Shares were up 1 1/8, or 7%, at 17 1/16. Wells Fargo, not normally an Internet play, receives mention because of its Internet operations. A money manager quoted in the article says Wells has more online bankers than any other bank, including stand-alone Internet banks. But, despite this acclaim, shares of Wells Fargo were lately down 1, or 2%, at 42 3/8, likely the result of interest-rate fears. 3Com is mentioned as a potential takeover target -- certainly not fresh news, and this is anything but a scoop for the column's author, Gene Marcial. The column quotes Mike Murphy, editor of the California Technology Stock Letter, as saying 3Com will be taken over at 40 to 50 a share by year-end or sooner. But Murphy has been touting 3Com as a takeover target for some time. In a Jan. 12 article in the Los Angeles Times, Murphy was quoted as saying he expected Lucent (LU:NYSE) to make a bid for 3Com. 3Com was up 2 1/8, or 8%, at 28 11/16.