AAPL Stock: 111.8 ( + 2.3 )

Printed from

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 MacNN Staff



Login Here

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


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Polk Hinge Wireless headphones

Polk, a company well-established in the audio market, recently released a new set of headphones aimed at the lifestyle market. The Hin ...

Blue Yeti Studio

Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...


Most Commented