HP to Acquire 3Com for $2.7 Billion

The place for technology related posts.

Moderator: Moderators

Post Reply
User avatar
Sabre
DCAWD Founding Member
Posts: 21432
Joined: Wed Aug 11, 2004 8:00 pm
Location: Springfield, VA
Contact:

HP to Acquire 3Com for $2.7 Billion

Post by Sabre »

Press Announcement
HP and 3Com Corporation (NASDAQ: COMS) (“3Com”) today announced that they have entered into a definitive agreement under which HP will purchase 3Com, a leading provider of networking switching, routing and security solutions, at a price of $7.90 per share in cash or an enterprise value of approximately $2.7 billion. The terms of the transaction have been approved by the HP and 3Com boards of directors.
It can only improve the 3COM line... HP switches are the bomb.
Sabre (Julian)
Image
92.5% Stock 04 STI
Good choice putting $4,000 rims on your 1990 Honda Civic. That's like Betty White going out and getting her tits done.
schvin
DCAWD Groupie
Posts: 1659
Joined: Fri Nov 19, 2004 7:00 pm
Location: washington, dc
Contact:

Re: HP to Acquire 3Com for $2.7 Billion

Post by schvin »

that's a crazy amount of money for that brand, imo.
2004 impreza outback
1964 beetle
schvin
DCAWD Groupie
Posts: 1659
Joined: Fri Nov 19, 2004 7:00 pm
Location: washington, dc
Contact:

Re: HP to Acquire 3Com for $2.7 Billion

Post by schvin »

(i would have felt differently about it 10 years ago.)
2004 impreza outback
1964 beetle
User avatar
Mr Kleen
DCAWD Founding Member
Posts: 15034
Joined: Mon Apr 18, 2005 6:46 pm
Location: Wiesbaden.DE

Re: HP to Acquire 3Com for $2.7 Billion

Post by Mr Kleen »

a few years ago I wondered why/how HP was still in business. now they own EDS and soon 3Com. :shock:
User avatar
sirwilliam
Resident Poop Expert
Posts: 7226
Joined: Mon Aug 01, 2005 1:27 pm
Location: The Wild Serengeti Suburbs

Re: HP to Acquire 3Com for $2.7 Billion

Post by sirwilliam »

Good for HP stocks!
2004 SG Model A PearlBlackObsidian (RIP)
2008 SG Model D BlueRallyWorld

"When I get sad, I stop being sad and be awesome instead. True story." -Barney Stinson
"Nothing shuts my pie-hole but pie." -Shawn Spencer
User avatar
complacent
DCAWD Founding Member
Posts: 11651
Joined: Sun Aug 29, 2004 8:00 pm
Location: near the rockies. very.
Contact:

Re: HP to Acquire 3Com for $2.7 Billion

Post by complacent »

it's interesting for sure.

currently HP has sourced Cisco brand switches for their blade enclosures... i wonder if they're going to try and keep the whole process in house.

personally i've never had any problems with the cisco gear (specifically in regards to the blades) both fiber and copper.

i feel kinda, um, nervous about a 3com switch going in its place. knowwhatimean? 8)
colin

a tank, a yammie, a spaceship
i <3 teh 00ntz
Post Reply