HP to Acquire 3Com for $2.7 Billion

HP to Acquire 3Com for $2.7 Billion

HP (NYSE: HPQ) 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.

This combination will transform the networking industry and underscore HP’s next-generation data center strategy built on the convergence of servers, storage, networking, management, facilities and services. The resulting business outcome will help customers simplify the network, deploy a unique and innovative edge-to-core network fabric for the enterprise and improve IT service delivery capabilities, all delivered with best-in-class price-performance. (more…)

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Cisco vs. HP: 3Com acquisition

Cisco vs. HP for 3Com acquisition

Cisco and HP have been duking it over their visions for the next generation data center architecture and the battle is just getting interesting. Cisco entered the server market and HP has countered by purchasing 3Com for $2.7 billion.

Simply put, both Cisco and HP have encroached on their rival’s home turf. The 3Com purchase gives HP a foothold in security (3Com owns TippingPoint), switches and routers (statement, breaking news). HP also becomes the No. 2 networking vendor. Cisco CEO John Chambers foreshadowed the HP collision course back in August. He declared HP a clear foe.

Also: HP announces $2.7 billion acquisition of 3Com; raises outlook (more…)

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