3Com receives shareholder complaint.SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--March 26, 1997--3Com Corp. (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) ) said it received a copy of a shareholder class action suit filed March 24 in California state court. The complaint alleges that 3Com and several of its management and directors misrepresented material information about the company's operations and acted in violation of the securities laws during the period between Sept. 24, 1996, and Feb. 10, 1997. Damages are unspecified Adj. 1. unspecified - not stated explicitly or in detail; "threatened unspecified reprisals" specified - clearly and explicitly stated; "meals are at specified times" . 3Com believes that the allegations of the lawsuit are without merit. 3Com management further believes the company has always acted with integrity and in compliance with its legal disclosure obligations. The company intends to defend the lawsuit vigorously. 3Com Corp. has helped more than 50 million people gain access to critical information through high-speed networks. Designed to serve large enterprises, service providers, small offices and home, 3Com products provide a scalable architecture to meet the present and future connectivity needs of today's users. With research and development on three continents, 3Com is one of the data networking industry's largest and fastest growing companies. 3Com's innovative marketing, engineering, sales and support simplify communication, optimize optimize - optimisation network reliability and protect customer investments. For further information, visit our World Wide Web site: http://www.3com.com. -0- Note to Editors: 3Com is a registered trademark of 3Com Corp. CONTACT: 3Com Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Valerie Bellofatto, 408/764-6194 valerie_bellofatto@3mail.3com.com |
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