1000 ISPs Live with 56 Kbps x2 Technology; 3Com Leads 56K Market with its End-to-End Solution and Commitment to Standards
SANTA CLARA, Calif.--(BUSINESS WIRE)--Oct. 16, 1997--3Com Corporation (NASDAQ:COMS) today announced that more than 1000 Internet Service Providers (ISPs) now offer live 56K(1) x2(TM) technology service to millions of online subscribers worldwide. One year after its unveiling, 3Com has established itself as the 56K technology leader. 3Com was the first to market, first to guarantee a free upgrade to the standard and now is the first to achieve significant ISP deployment.
Through the more than 1000 ISPs who offer x2 service, 3Com customers now have local access to x2 Internet services in nearly 4,000 cities across all 50 states and 33 countries. Internationally, x2 deployment has also gone unmatched with more than 100 ISPs live in Europe and nearly 60 ISPs live in Asia/Pacific.
"According to VisionQuest, August 1997, the more than 20 modem vendors shipping products with x2 technology account for approximately 70 percent of the U.S. retail modem market. x2 modems also are shipping with products offered by several of the top PC manufacturers including Dell, Gateway 2000, Packard Bell, NEC, IBM and Hewlett Packard. Major chipset vendors have also licensed x2 technology. Texas Instruments has announced that they alone have shipped more than 13 million x2-capable chip sets. "
You would think that a 70 percent market share of the U.S. market would lead to a higher stock price for coms. This is great news!
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SEG reported an 81% earnings disappointment. .08 vs. .43 expected (Zacks). The .08 cents is exclusive of several charges, including 61M for forward contracts on SE Asian currencies (Baht & Ringgit). DD sector goes from bad to worse.