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BUSINESS
July 29, 1996 | From Bloomberg Business News
Shares of U.S. Robotics Inc., down 20% since Wednesday's earnings report, are considered a buy by some analysts who expect the company's modem business to gain. The stock, which dropped 1 49/64 Friday to 52 3/4, "was inexpensive before; now it's cheap," said Steven Levy, an analyst at Oppenheimer & Co. His "buy" recommendation is based on his belief that the stock will rise to near $130 in the next 12 months. Late Wednesday, U.S.
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BUSINESS
August 15, 2005 | Kathy M. Kristof, Times Staff Writer
Platinum Equity, the buyout firm owned by billionaire Tom Gores, is acquiring computer modem maker U.S. Robotics Corp. in an all-cash deal, the companies are expected to announce today. Neither side would reveal terms of the sale. Last year, however, Robotics Chief Executive Joseph J. Hartnett told an interviewer that he was looking for a buyer willing to pay between $30 million and $50 million for the Schaumburg, Ill., company. U.S.
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BUSINESS
July 8, 1997 | Reuters
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.
BUSINESS
April 17, 2001
Michael Vishny has been named vice president and chief human resources officer for U.S. Robotics, based in the Irvine office. He was formerly vice president of human resources for Gateway Inc. Vishny also has been with S.C. Johnson Wax, Dun & Bradstreet/A.C. Nielsen Co. and Motorola Inc. Ronald Crocco has been selected to head the company's new Emerging Business Unit in Irvine.
BUSINESS
August 26, 1997 | Bloomberg News
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.
BUSINESS
April 17, 2001
Michael Vishny has been named vice president and chief human resources officer for U.S. Robotics, based in the Irvine office. He was formerly vice president of human resources for Gateway Inc. Vishny also has been with S.C. Johnson Wax, Dun & Bradstreet/A.C. Nielsen Co. and Motorola Inc. Ronald Crocco has been selected to head the company's new Emerging Business Unit in Irvine.
BUSINESS
November 4, 2000 | Bloomberg News
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.
BUSINESS
March 11, 1997 | LEO SMITH, TIMES STAFF WRITER
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.
NEWS
December 10, 1987 | United Press International
U.S. Navy vessels searching for mines in the Persian Gulf soon will be equipped with robotic underwater devices that will vastly enhance the 35-year-old minesweepers' ability to find mines, officials on one of the wooden-hulled ships said Wednesday.
BUSINESS
March 19, 1998 | Bloomberg News
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.
BUSINESS
March 9, 2001 | KAREN ALEXANDER, TIMES STAFF WRITER
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.
BUSINESS
November 4, 2000 | Bloomberg News
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.
BUSINESS
March 19, 1998 | Bloomberg News
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.
BUSINESS
August 26, 1997 | Bloomberg News
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.
BUSINESS
July 8, 1997 | Reuters
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.
BUSINESS
March 11, 1997 | LEO SMITH, TIMES STAFF WRITER
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.
BUSINESS
March 22, 1996 | GREG MILLER
Smith Micro Software Inc. said it has signed an exclusive agreement to provide communication software to U.S. Robotics Inc., one of the nation's largest manufacturers of computer modems. U.S. Robotics, based in Skokie, Ill., was Smith's Micro's largest customer last year, and has agreed to sever its relationships with Smith Micro competitors, said Bruce Quigley, a spokesman for the Aliso Viejo-based company. Smith Micro had sales of $18 million last year.
BUSINESS
August 15, 2005 | Kathy M. Kristof, Times Staff Writer
Platinum Equity, the buyout firm owned by billionaire Tom Gores, is acquiring computer modem maker U.S. Robotics Corp. in an all-cash deal, the companies are expected to announce today. Neither side would reveal terms of the sale. Last year, however, Robotics Chief Executive Joseph J. Hartnett told an interviewer that he was looking for a buyer willing to pay between $30 million and $50 million for the Schaumburg, Ill., company. U.S.
BUSINESS
February 28, 1997 | From Bloomberg News
3Com Corp.'s shares fell 10% Thursday, erasing $660 million from its $6.6-billion offer for U.S. Robotics Corp., amid investor concern that the acquisition will hurt earnings in coming quarters. 3Com shares plunged $4 to $35 on Nasdaq, the lowest closing price since August 1995. 3Com's stock-swap offer now values U.S. Robotics at $61.25 a share--just 25 cents above the stock's price before Wednesday's offer. U.S. Robotics shares fell $1.875 to $59.125 on Nasdaq on Thursday.
BUSINESS
February 27, 1997 | LESLIE HELM and JULIE PITTA, TIMES STAFF WRITERS
In a surprise move that reflects intensifying competition and consolidation in the rapidly growing $24-billion computer networking business, Santa Clara, Calif.-based 3Com Corp. said Wednesday that it will acquire modem giant U.S. Robotics Corp. for about $7.33 billion in stock. With the purchase, 3Com would have 12,000 employees and annual sales of about $5 billion, putting it on par with networking leader Cisco Systems Inc.
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