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HP To Acquire 3com For $2.7 Billion

Posted by ryuzaki0 on from the getting-bigger dept.

An anonymous reader writes "HP and 3Com Corporation today announced that they have entered into a definitive agreement under which HP will purchase 3Com, a leading provider of networking switching, routing and security solutions, at a price of $7.90 per share in cash or an enterprise value of approximately $2.7 billion. The terms of the transaction have been approved by the HP and 3Com boards of directors."

7 of 231 comments (clear)

  1. the suspense is over... by spywhere · · Score: 4, Insightful

    I couldn't wait to find out which company HP would destroy next.

    1. Re:the suspense is over... by ivan256 · · Score: 4, Insightful

      I'll give you a hint. The company is referred to with a two letter acronym that starts with an "H". They've spun off all but one of their best divisions over the last decade, and they're about to fold their printer division (The last that makes anything innovative or of any quality) into the division that makes their worst-in-class PCs. They also just bought 3Com.

  2. No, Compaq bought 3Com by Ralph+Spoilsport · · Score: 4, Insightful

    Given what is left of HP after the hurricane Carly destroyed the place.

    --
    Shoes for Industry. Shoes for the Dead.
  3. Joy by EkriirkE · · Score: 5, Insightful

    I can't wait for 500MB driver packages, 234454 running background processes and 7 tray icons required to configure the hardware.

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    from 09 F9 11 02 9D 74 E3 5B D8 41 56 C5 63 56 88 C0
    to 45 2F 6E 40 3C DF 10 71 4E 41 DF AA 25 7D 31 3F
  4. Re:FU HP by Jonah+Hex · · Score: 3, Insightful

    As someone who is going through HP's Work Force Reduction, it was a shock to me too. I'll just bet my 88K salary put them over the edge for this buy. - HEX

    --
    Horror & SciFi Erotic Nudes
  5. Re:I was recently wondering... by MadnessASAP · · Score: 3, Insightful

    In the world of computers it's usually a bit of both.

    --
    I may agree with what you say, but I will defend to the death your right to face the consequences of saying it.
  6. Re:FU HP by Mikkeles · · Score: 4, Insightful

    'So, why was it we busted our collective asses this year? Someone?'

    Because you are young, foolish, and naive and believe that hard work and diligence means something to a corporation.
    But don't worry; you will grow out of it :)

    --
    Great minds think alike; fools seldom differ.