HP Acquires 3Com for $2.7 Billion

By Leena Rao

HP (HPQ) is acquiring network infrastructure manufacturer 3Com (COMS) for $2.7 billion. 3Com provides networking, switching, routing and security components.

HP says the acquisition will further its data center strategy “built on the convergence of servers, storage, networking, management, facilities and services.” The acquisition of 3Com also help to expand HP’s Ethernet switching offerings, add routing solutions and significantly strengthen the company’s position in China thanks to 3Com’s strong presence in China.

The transaction is expected to close in the first half of 2010.

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Comments

[Nettligent:]

HP and 3Com merger is a very excellent move at cheap price. BRCD is a speculative stock with too much gabbage and debt. We are glad that HP dropped BRCD. Kudo to HP Management.

Nov 12 07:54 PM