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

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Cambridge Audio DacMagic XS

Every computer with a microphone or headphone port has one -- a digital to analog converter (DAC). There are nearly as many chipsets a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News