HP buys 3Com for $2.7bn cash

Posted by vainrveenr on Nov 12, 2009 11:41 AM EDT
The Register UK; By Austin Modine
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Hewlett-Packard is taking a swing at Cisco Systems by acquiring networking equipment maker 3Com for $2.7bn cash. HP said the deal will dramatically expand its Ethernet switching product offerings, add routing technology, and secure itself a major presence in China. In addition, HP will pick up a large research and development operation in China that's dedicated to HP's future networking pursuits. 3Com also provides network security capabilities through its TippingPoint portfolio.

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