Printed from http://www.electronista.com

HP buys network firm 3Com for $2.7 billion

updated 05:25 pm EST, Wed November 11, 2009

Gives HP control of networking

HP in a late afternoon update said it had bought 3Com in a cash deal the equivalent of $2.7 billion. The deal is meant to help HP's involvement in the server and networking businesses and turns the PC builder into a near-total source for datacenters and other large-scale server environments. The two partners are still waiting on government approval but hope to complete the deal sometime in the first half of next year.

The buyout is already considered a hedge against 3Com's usual rival Cisco, which itself has been venturing beyond the network through a storage deal with EMC that also involves virtualization expert VMware.

It's unknown what impact the merger will have on 3Com's other products. Besides business-class networking, it also offers security services and produces a number of products for home users, such as hybrid modem/router combos. It's also unsaid whether or not HP will roll technologies acquired from 3Com into any non-business products.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Lemur BlueDriver

"Oh no, the check engine light is on…again! What one of the hundreds of reasons could it be this time? Probably going to cost a fort ...

Sponsor

toggle

Most Commented

 
toggle

Popular News