Reuters: 3Com Says Can Meet Competitive Threat Posed by Dell

My spin: Is 3Com bluffing…or not?
NEW YORK (Reuters) – Network gear maker 3Com Corp. (NasdaqNM:COMS – news) on Tuesday said it can withstand the competitive threat posed by Dell Computer Corp.’s (NasdaqNM:DELL – news) entry into the market for machines used to direct Internet traffic.
But Mark Slaven, chief financial officer of Santa Clara, California-based 3Com, said Dell, best known as an online seller of personal computers, “has to be taken seriously,” particularly in the low end of the market.
Dell, the No. 1 PC maker, has already begun to hit the marketplace with its own networking gear, driving down prices.
(full story)