Hewlett-Packard to Take Over 3Com For $2.7B
November 12, 2009 6:24 AM
comment(s) - last by
The 3Com acquisition will allow HP to try and compete with Cisco
Hewlett-Packard closed the business day on Wednesday by announcing a $2.7 billion acquisition of networking maker 3Com, as the company tries to increase its presence in China and other key foreign markets.
The deal has been approved by the board of directors of both HP and 3Com, with the deal expected to finalize in early 2010.
"By acquiring 3Com, we are accelerating the execution of our Converged Infrastructure strategy and bringing disruptive change to the networking industry," HP Enterprise Servers and Networking GM Dave Donatelli said in a statement. "By combining HP ProCurve offerings with 3Com's extensive set of solutions, we will enable customers to build a next-generation network infrastructure that supports customer needs from the edge of the network to the heart of the data center."
Ideally, HP will be able to
utilize 3Com's Ethernet business in China
and other developing markets, analysts point out. Immediately following the official close of the acquisition, expect a worldwide push of 3Com products under the HP brand name.
The company has attempted to wedge its way into Cisco's marketshare, but has been relatively unsuccessful so far -- HP and Cisco have worked together on a number of projects, but continue to butt heads, setting an interesting landscape in networking hardware and software.
It's a continuing trend to see companies try and diversify their product portfolios by either acquiring new technologies or launching new research and development labs. In markets typically controlled by Cisco, some customers, according to analysts, have long sought another major company move into the industry to help offer new products.
This article is over a month old, voting and posting comments is disabled
RE: Presence in consumer maket
11/12/2009 4:38:08 PM
They had alot of products on the retail shelves in the late 90's. It seemed like around the dot-com bubble burst they shifted gears, becoming a less well known name on the consumer side of things.
"Mac OS X is like living in a farmhouse in the country with no locks, and Windows is living in a house with bars on the windows in the bad part of town." -- Charlie Miller
IBM to Offer Watson Supercomputer as Cloud Development Platform
November 14, 2013, 12:00 PM
Microsoft May Use Fuel Cells at Rack Level for Greener, Cheaper Data Centers
November 13, 2013, 3:14 PM
Study: Problems with Surgical Robots Going Unreported to the FDA
November 5, 2013, 2:36 PM
Lenovo CEO Shares Bonus with Workers for a Second Year
September 2, 2013, 11:16 AM
Hacking the Gibson: 24 YO Scored Root on Nation's Top Supercomputers
August 28, 2013, 7:14 PM
Report: Google Kills Employee "20% Time"
August 19, 2013, 10:07 AM
Most Popular Articles
NSA Snares Americans' Porn Viewing Histories in Effort to Target Muslims
December 1, 2013, 9:00 PM
Hackers Nab 2 Million Login Credentials from Facebook, Gmail, Twitter
December 5, 2013, 1:00 PM
Dow Chemical to NYC City Council: You Don't Even Know What Styrofoam is!
December 2, 2013, 8:30 PM
Experts: Masturbation Prevents Cancer, Diabetes, Insomnia, and Depression
December 6, 2013, 2:01 PM
Thieves Steal Truck with Cobalt-60 Onboard in Mexico, Will Die "Without a Doubt" from Exposure
December 5, 2013, 12:04 PM
Latest Blog Posts
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
Global Cyber Espionage Concerns Reveal Growing Cyber Armies
Nov 29, 2013, 11:04 AM
Is The Period Becoming an Expression of Anger?
Nov 26, 2013, 2:02 PM
NSA and Congress -- You Will Never Kill the Constitution, It's an Idea
Nov 10, 2013, 2:00 PM
AT&T Explores $100B+ USD Deal to Acquire Vodafone's European Operations
Nov 4, 2013, 7:34 AM
More Blog Posts
Copyright 2013 DailyTech LLC. -
Terms, Conditions & Privacy Information