Thursday, November 12, 2009

HP Drops 2.7 Billion To Buy 3Com

HP and 3Com have come to an agreement at $7.90 per share for 3Com, which has been approved by both boards of directors. The markets are closed; 3Com closed at $5.69 today.

HP is a global leader in a number of technology areas, including personal computing hardware, software, services, and now with the acquisition of 3Com, enterprise level networking hardware.

3Com is a giant, with revenue of over $1 billion annually, and is profitable overall as an enterprise. It is dwarfed in Source: The Next Web RSS Feed

No comments:

Post a Comment