HP to acquire 3Com for $2.7 B in cash, focus on China

**MIG-31** · Nov 11, 2009, 10:26 PM

HP announced this afternoon that it has entered into an agreement with network switch, router, security, and solutions company 3Com for approximately $2.7 billion in cash.

"By acquiring 3Com, we are accelerating the execution of our Converged Infrastructure strategy and bringing disruptive change to the networking industry," Dave Donatelli, executive vice president and general manager, Enterprise Servers and Networking, HP said today. "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."
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Source: Betanews

Nov 11, 2009, 10:26 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,854 Rep Power: 471 System Specs	HP to acquire 3Com for $2.7 B in cash, focus on China HP announced this afternoon that it has entered into an agreement with network switch, router, security, and solutions company 3Com for approximately $2.7 billion in cash. "By acquiring 3Com, we are accelerating the execution of our Converged Infrastructure strategy and bringing disruptive change to the networking industry," Dave Donatelli, executive vice president and general manager, Enterprise Servers and Networking, HP said today. "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." ____________ Source: Betanews __________________ Please Post Your News Submissions Here