March 9, 2001 |
U.S. Robotics Corp., the Chicago-area modem manufacturer that spun off from 3Com Corp. in September, set up shop in Irvine this week to focus on culling emerging products that the company hopes to sell under its name. The Schaumburg, Ill., company is the No. 1-selling brand for external analog, or dial-up modems. But as that market slows with the flailing personal computer market and the advent of new technologies, U.S.
November 4, 2000 |
3Com Corp. will pay $259 million to settle a class-action complaint alleging it misled investors about its $8.9-billion purchase of U.S. Robotics Corp. in 1997. The company admitted no liability as part of the all-cash settlement. 3Com had been accused of inflating the value of the company's stock by failing to disclose that U.S. Robotics had accumulated millions of dollars in excessive inventories, among other things.
March 19, 1998 |
3Com Corp. said it will fire 380 employees--150 of them temporary workers--at two Chicago-area plants and replace a top Illinois executive as the company struggles with product lines acquired in its 1997 purchase of U.S. Robotics Corp. Santa Clara-based 3Com, the No. 2 maker of networking equipment, said the employees worked at former U.S. Robotics plants that made desktop computer modems and remote-access servers used by businesses to route phone calls to the Internet.
August 26, 1997 |
U.S. Robotics' former shareholders have settled lawsuits over the computer modem maker's $8.54-billion merger with 3Com, for $500,000 in attorneys' fees and costs. The settlement, which still needs a Delaware judge's approval, would end all litigation stemming from Skokie, Ill.-based U.S. Robotics' June combination with Santa Clara-based 3Com, a leading computer-networking company, lawyers said.
July 8, 1997 |
3Com Corp., the Santa Clara-based networking company that recently acquired modem maker U.S. Robotics Corp., said it will probably lay off about 800 people in the next year as a result of the merger. 3Com spokeswoman Sara Powers said the company will take charges associated with the layoffs, but the amount has yet to be determined.
March 11, 1997 |
When it comes to the transmission of computer data, faster is better. That's good for the folks at Camarillo-based Logicode Technology. Logicode, a manufacturer of modems and other data-communication products, last week was among the first companies to release a line of modems transmitting 56,000 bytes per second, capitalizing on the latest in high-speed technology.