The Commission's complaint names the following defendants and includes the allegations set forth below:

Arthur J. Cutillo, a resident of Ridgewood, New Jersey, is an attorney in the New York office of the international law firm of Ropes & Gray. Cutillo misappropriated from his law firm material, nonpublic information concerning at least four corporate acquisitions involving Ropes & Gray clients -- the 2007 acquisition announcements of ADS, Avaya, 3Com, and Axcan. Cutillo illegally tipped that information, through his friend and fellow attorney Jason Goldfarb, to Zvi Goffer, a proprietary trader Schottenfeld, in exchange for kickbacks.

Jason C. Goldfarb, a resident of New York, New York, is an attorney in private practice in New York. Goldfarb illegally tipped Zvi Goffer material, nonpublic information concerning upcoming corporate acquisitions that Cutillo misappropriated from Ropes & Gray, in exchange for kickbacks.

Zvi Goffer, a resident of New York, New York, is currently employed at Echotrade LLC (Echotrade), registered broker-dealer, and is also a trader at Incremental Capital, LLC (Incremental Capital). During the relevant time period, Zvi Goffer was a registered representative and proprietary trader at Schottenfeld, a registered broker-dealer. Zvi Goffer illegally traded on and/or tipped material, nonpublic information concerning the proposed acquisitions of Avaya, 3Com, and Axcan.

Craig C. Drimal, a resident of Weston, Connecticut. Drimal is a trader who, during part of the relevant time period, worked out of the offices of Galleon Management, LP. Currently, Drimal is a registered representative at Echotrade and is also a trader at Incremental Capital. Drimal illegally traded on and/or tipped material, nonpublic information concerning the proposed acquisitions of Avaya, 3Com, and Axcan.

Schottenfeld Group, LLC is a registered broker-dealer located in New York, New York. Schottenfeld illegally traded on material, nonpublic information concerning the proposed acquisitions of Avaya, 3Com, and Axcan.

Gautham Shankar is a resident of New Canaan, Connecticut. During the relevant time period, Shankar was a registered representative and proprietary trader at Schottenfeld. Shankar illegally traded on and tipped material, nonpublic information concerning the proposed acquisitions of Avaya, 3Com, and Axcan.

David Plate, a resident of New York, New York, is a registered representative at G-2 Trading LLC, a registered broker-dealer. During the relevant time period, Plate was a registered representative and proprietary trader at Schottenfeld. Plate illegally traded on material, nonpublic information concerning the proposed acquisitions of Avaya, 3Com, and Axcan.

Emanuel Goffer, a resident of New York, New York, is employed at Echotrade and is also a trader at Incremental Capital. During the relevant time period, Emanuel Goffer was a registered representative and proprietary trader at Spectrum Trading LLC, a registered broker-dealer. Emanuel Goffer illegally traded on material, nonpublic information concerning the proposed acquisitions of Avaya and 3Com.

Michael A. Kimelman, a resident of Larchmont, New York, is a registered representative at Echotrade and also is a trader at Incremental Capital. During the relevant time period, Kimelman was a trader at Lighthouse Financial Group LLC, an investment bank and registered broker-dealer. Kimelman illegally traded on material, nonpublic information concerning the proposed acquisition of 3Com.

As a result of conduct described in the complaint, the Commission alleges that each of the defendants violated Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The Commission's complaint seeks permanent injunctive relief, disgorgement of illicit profits with prejudgment interest, and the imposition of civil monetary penalties.

In a related criminal case, the U.S. Attorney's Office for the Southern District of New York announced today criminal charges against Cutillo, Goldfarb, Zvi Goffer, Drimal, Shankar, Plate, Emanuel Goffer, and Kimelman, in connection with the above insider trading schemes.

The Commission thanks the U.S. Attorney's Office and the Federal Bureau of Investigation for their cooperation and assistance in connection with this matter.

The Commission's investigation is continuing. [SEC v. Arthur J. Cutillo, Jason C. Goldfarb, Zvi Goffer, Craig C. Drimal, Schottenfeld Group, LLC, Gautham Shankar, David Plate, Emanuel Goffer, and Michael Kimelman, Civil Action No. 09-09208 (LAK) (S.D.N.Y.)] (LR-21283)

SmarTrend is bullish on shares of COMS and our subscribers received an Uptrend alert on August 13, 2009 at $4.19, which has returned 26.7% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

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"3Com proposed a range of routing products that met our requirements, both in terms of functionality and costs. The company's involvement and responsiveness during the qualification phase, together with their wide range of routing, switching, security and services solutions convinced us that here was an opportunity to build together a lasting, high-performance relationship," said Alexandre Le Pors, Director of Studies at La Poste DISIT.

"It's a very good thing for us to have been able to respond to the needs of a group such as La Poste," said Jerome Larchet, Country Manager of 3Com in France. "At 3Com, we are attentive to the needs of our customers and we study each request on a case-by-case basis to provide the best possible solution."

About 3Com

3Com Corporation is a $1.3 billion global enterprise networking solutions provider that sets a new price/performance standard for customers. 3Com has three global brands--H3C, 3Com, and TippingPoint--that offer high-performance networking and security solutions to enterprises large and small. The H3C enterprise networking portfolio--a market leader in China--includes products that span from the data center to the edge of the network, while TippingPoint(R) network-based intrusion prevention systems and network access control solutions deliver in-depth, no-compromise application, infrastructure and performance protection.

Copyright (C) 2009 3Com Corporation. 3Com, the 3Com logo, H3C the H3C logo, TippingPoint and the TippingPoint logo are trademarks or registered trademarks of 3Com Corporation or its wholly owned subsidiaries in various countries throughout the world. All other company and product names may be trademarks of their respective holders.

SOURCE: 3Com Corporation

Lois Paul & Partners for 3Com Corporation 
Frank Tutalo, 781-782-5761 
frank_tutalo@lpp.com