Holiday E-Commerce Season Sales Finally Match Last Year as Two Workdays This Past Week Each Surpass $800 Million in Online Spending

comScore (Nasdaq: SCOR), a leader in measuring the digital world, today reported its tracking of holiday season retail e-commerce spending for the first 35 days of the November - December 2008 holiday season. For the holiday season through December 5, $14.92 billion has been spent online, essentially the same level compared to the corresponding days last year. For the five days beginning with December 1 (Cyber Monday), the kick-off to the heaviest part of the online shopping season, sales totaled $3.74 billion, up 9 percent versus year ago. Two individual days in the past week achieved more than $800 million in online spending: Monday, December 1 ("Cyber Monday") with $846 million, and Tuesday, December 2 with $823 million.

3Com Wins Exclusive Multi-Year Contract for Government of Israel’s State-of-the-Art LAN Infrastructure Project

Leverages price-performance advantage and broad product portfolio to secure multi-million dollar project

Hemel Hempstead, 2nd December , 2008 – 3Com Corporation (Nasdaq: COMS) today announced it has won an exclusive multi-million-dollar contract to provide the Government of Israel with advanced core and edge networking solutions for its new LAN infrastructure project.  The multi-year agreement is part of the Government’s plans to build a modern, cutting-edge network to support its growing online initiatives.

Upon evaluating the features, functionality, service and support levels and cost of comparable products from HP ProCurve, Nortel Networks and Alcatel-Lucent, the Government determined that 3Com provided the best value for an end-to-end solution.  3Com also differentiated its solution with its unique network management system that enables IT personnel to efficiently manage all aspects of the network with a single tool rather than multiple, unconnected devices.

Company’s high-value, sustainable network solutions enable organisations to do more with less

Hemel Hempstead, 20th November, 2008 – In today’s challenging economic environment, it is imperative that organisations take a holistic approach when it comes to deploying networking solutions and business-enablement initiatives.  To address the growing need for CIOs to generate more value from their IT and networking investments, 3Com, a contributing member of the Green Grid, today outlined several ways to improve an organisation’s sustainability through its networking infrastructure. 

Yahoo! Conducting Search for New CEO

Yahoo! Inc. (Nasdaq:YHOO) today announced that its Board of Directors has initiated a search for a new Chief Executive Officer. Jerry Yang, co-Founder of Yahoo!, has decided to return to his former role as Chief Yahoo! upon the appointment of his successor as CEO, and he will also continue to serve on the Board. Yang, 40, assumed the CEO role at the Board’s request in June 2007, and he has led Yahoo! through a strategic repositioning and transformation of its platform.

Chairman Roy Bostock, working with the independent directors and in consultation with Jerry Yang, is leading the process of assessing potential candidates and determining finalists for consideration. The search will encompass both internal and external candidates, and the Board has retained Heidrick & Struggles, a leading international executive search firm, to assist in the process.