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


To: Herc who wrote (31016)5/17/1999 7:57:00 AM
From: kathyh  Read Replies (3) | Respond to of 45548
 
update... and it's cooperation partner... <ggg>

kathy :)

Monday May 17, 7:39 am Eastern Time
Siemens says has no plans to buy 3-Com
MUNICH, May 17 (Reuters) - German industrial group Siemens AG (quote from Yahoo! UK & Ireland: SIEG.F) has no plans to buy its U.S. partner 3-Com (Nasdaq:COMS - news), Siemens chief executive officer Heinrich von Pierer said on Monday.

''We don't want to buy 3-Com, rather we want to continue our cooperation with them,'' von Pierer said at a news conference.

Recent media reports said several international companies were interested in taking over 3-Com.

Von Pierer also said that Siemens planned to sell off all shares in its semiconductor division in the long term.

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