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Article: Xtremepicks.com Alerts for Nov 11, 2009 include- H-P (HPQ) & 3Com (COMS).
- Article from:
- M2 Presswire
- Article date:
- November 12, 2009
CopyrightCOPYRIGHT 2009 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-12 November 2009-xtremepicks.com: Xtremepicks.com Alerts for Nov 11, 2009 include- H-P (HPQ) & 3Com (COMS)(C)1994-2009 M2 COMMUNICATIONS
RDATE:11112009
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Hewlett-Packard Co. said late Wednesday that it will acquire 3Com Corp. for $2.7 billion in an effort to build up the computer giant's offerings in networking, servers and storage.
The move also will pit H-P (HPQ 49.51, -0.49, -0.98%) more directly against networking-equipment kingpin Cisco Systems Inc. (CSCO 23.70, -0.22, -0.92%) Th The deal, which values 3Com (COMS 7.66, +1.97, +34.62%) at $7.90 a share, had ...