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Article: 3Com, Siemens kill joint venture.(LAN telephony products)(Company Business and Marketing)
- Article from:
- Network World
- Article date:
- August 30, 1999
- Author:
CopyrightCOPYRIGHT 1999 Network World, Inc. 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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FRAMINGHAM, MASS. - Less than a year into the project, 3Com and Siemens have shuttered their $100 million joint venture to develop LAN telephony products.
In a filing with the Securities and Exchange Commission, 3Com stated that an "expanded strategic relationship" with Siemens this year obviated the need for the joint venture.
"During fiscal 1999, we expanded our strategic relationship with Siemens AG to include a worldwide joint selling agreement in the large enterprise and solutions provider markets," the 10-K filing stated. "The strategic alliance may consider joint development of voice-related enterprise and carrier solutions. In light of the ...