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HP to Acquire 3Com for $2.7 Billion
Posted: Thu Nov 12, 2009 4:07 pm
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.
Re: HP to Acquire 3Com for $2.7 Billion
Posted: Thu Nov 12, 2009 4:52 pm
by schvin
that's a crazy amount of money for that brand, imo.
Re: HP to Acquire 3Com for $2.7 Billion
Posted: Thu Nov 12, 2009 4:52 pm
by schvin
(i would have felt differently about it 10 years ago.)
Re: HP to Acquire 3Com for $2.7 Billion
Posted: Thu Nov 12, 2009 5:28 pm
by Mr Kleen
a few years ago I wondered why/how HP was still in business. now they own EDS and soon 3Com.
Re: HP to Acquire 3Com for $2.7 Billion
Posted: Fri Nov 13, 2009 10:35 am
by sirwilliam
Good for HP stocks!
Re: HP to Acquire 3Com for $2.7 Billion
Posted: Fri Nov 13, 2009 12:08 pm
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?
