3Com and Symbol Announce Plans to Jointly Develop Wireless LAN Telephony Solutions.Business Editors & Technology Writers HOLTSVILLE, N.Y.--(BUSINESS WIRE)--March 21, 2000 Companies Team for Wireless Multimedia Devices for a Single Network for Voice, Video and Data Communications in Small and Medium Businesses 3Com Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :COMS COMS 3Com Corporation (stock symbol) COMS Certified Orientation and Mobility Specialist COMS Continuous Opacity Monitoring Systems COMS City of Manchester Stadium (UK) ) and Symbol Technologies (NYSE NYSE See: New York Stock Exchange :SBL SBL Society of Biblical Literature SBL Symbol Technologies, Inc. (NYSE symbol) SBL Spamhaus Block List SBL Space-Based Laser SBL Securities Borrowing and Lending SBL Supreme Beings of Leisure (band) ) today announced they have signed a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. detailing plans to integrate 3Com's NBX (Network Branch EXchange) A family of IP-based telephony systems from 3Com. The name was derived from "PBX," the traditional name for an enterprise telephone switch. (R) 100 Communications System In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. with Symbol's NetVision family of wireless mobile communications devices. 3Com will provide multi-line business communications capabilities to Symbol's 802.11 hand-held devices to bring full multimedia capabilities to business phones. The joint development effort will extend Symbol's wireless technology to a variety of voice, video and data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. devices from 3Com, including the NBX 100 Communications System business phones to bring advanced mobility to business environments. "This relationship is another step in 3Com's strategy to deliver one network infrastructure for voice, video and data and signals the company's entry into the explosive retail convergence market," said Ed Wadbrook, director of business strategies, Voice Solutions Group, 3Com Corporation. "3Com has identified the enormous opportunity in the fast-growing wireless access device market and we are pleased to team with a technology & market leader like Symbol. Together, we will bring best-of-breed wireless multimedia devices to enterprise customers." "Symbol and 3Com are committed to meeting the customer needs for mobility and seamless voice and data connectivity in the explosive markets of healthcare, e-commerce, education, retail, transportation & logistics," said Richard Bravman, senior vice president and general manager, wireless systems division, Symbol Technologies. "Through this relationship, we are able to take 3Com's best-in-class LAN telephony An IP telephony system that is contained within a local area network (LAN). See IP telephony and voice capable Ethernet switch. solution and integrate it with our NetVision family of wireless phones to provide our customers with complete access to full business capabilities for mission-critical applications, regardless of their location within the enterprise." Fully Integrated, Standards-Based Wireless Capabilities for Business Environments 3Com and Symbol will give enterprise customers wireless Ethernet The standard for wireless networking within a home or office. Also known as a "Wi-Fi" or "802.11" network, wireless Ethernet is the wireless counterpart to regular, wired Ethernet, which is also the standard for local networks. See 802.11 and wireless LAN. phones that are fully integrated with features and functions that users expect at the desktop. From any location within a corporate site, Symbol's wireless VoIP See voice over Wi-Fi. phones will have the same features, functionality and properties as that of the business phone that sits on the desk. 3Com and Symbol support IEEE (Institute of Electrical and Electronics Engineers, New York, www.ieee.org) A membership organization that includes engineers, scientists and students in electronics and allied fields. 802.11 and IEEE 802.3 in its product offerings, allowing organizations to extend existing infrastructures to support next-generation voice, video and data applications. The phones and applications - wired or wireless - will operate over one network to offer a scalable infrastructure that will handle voice and data communications as organizations move to full multi-media environments. Availability Jointly developed 3Com and Symbol solutions are expected to become available to customers in the second half of 2000. The companies will work together on joint marketing and sales programs, as well as training materials and consultant programs to support customers. About Symbol Symbol Technologies, Inc., winner of this year's National Medal of Technology, is a global leader in wireless and Internet based mobile data management systems and services. Symbol provides its customers unique value with innovative solutions utilizing application-specific information appliances, data and voice wireless networks, and bar code and data capture scanning. Symbol and its global network of business partners provide wireless LAN and WAN mobility solutions from the enterprise to e-commerce for industries including retail, transportation and distribution logistics, manufacturing, parcel and postal delivery, healthcare, hospitality and education. Symbol's broad range of information appliances is in use by business and consumers from the factory, to the office and in the home. Information is available from Symbol http://www.symbol.com and 800/722-6234. About 3Com Corporation With more than 300 million customer connections worldwide, 3Com Corporation connects more people and organizations to information and each other in more innovative, simple and reliable ways than any other networking company. 3Com delivers web-enabled solutions to consumers, small- to medium-sized business locations and network service providers. For more information, visit 3Com's web site @ www.3com.com/pressbox. 3Com and NBX are registered trademarks of 3Com Corporation. All other company and product names may be trademarks of the respective companies with which they are associated. The plans and terms expressed in this press release are currently being negotiated by 3Com Corporation and Symbol Technologies and are subject to change in the definitive agreements to be negotiated. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Act Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Certain of the comments and information in this news release are forward looking and involve risk and uncertainties that could significantly impact the results, including but not limited to, dependence on new technology and intellectual property, successful consummation of transactions in negotiation, dependence on the global communications, networking, consumer electronics, and retail convergence markets, competition and pricing pressures; and other risks detailed from time to time in both Company's periodic reports filed with the Securities and Exchange Commissions. |
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