Class Action Suit Against Chipcom Corporation is Dismissed.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)--May 23, 1996--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) ) today announced that five lawsuits brought against Chipcom Corporation, which had been filed prior to 3Com's purchase of the company, have been dismissed without leave to amend by Judge Douglas P. Woodlock of the United States District Court for the District of Massachusetts The United States District Court for the District of Massachusetts is the Federal district court whose jurisdiction is the Commonwealth of Massachusetts. The first court session was held in Boston in 1789. . The lawsuits, filed in June 1995, relate to claims brought on behalf of stockholders who had purchased Chipcom stock between Feb. 8, 1995, and May 26, 1995. Subject to appeal, the dismissal concludes all five cases. 3Com Corporation acquired Chipcom Corporation in October 1995 subsequent to the filing of the complaints. 3Com has since consolidated the two companies' product lines and integrated engineering Integrated Engineering is a multi-disciplinary, design project based engineering degree program. Integrated Engnineering is a program created to meet the demand for engineers who are able to deal with a wide range of problems, often involving knowledge from several , sales and service operations. 3Com Corporation has helped more than 30 million people gain access to critical information through high-speed networks. Designed to serve large enterprises, small offices and homes, 3Com products provide a scalable architecture to meet the immediate and long-term 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. The company's innovative manufacturing, marketing, sales and support simplify communication, optimize network reliability and protect customer investments. CONTACT: 3Com Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. Shirley Stacy, 408/764-6301 Shirley_Stacy@3mail.3Com.com or Coltrin & Associates Troy McCombs, 212/221-1616 |
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