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Article: SUCCESSFUL INVESTING: ; Fierce rivals, collapsed deal weigh on 3Com
- Article from:
- Charleston Gazette
- Article date:
- June 10, 2008
- Author:
CopyrightCopyright 2008 Charleston Gazette. Provided by ProQuest LLC. (Hide copyright information)
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Q. My shares of 3Com Corp. are going nowhere but down. Any
thoughts about their future? - F.C., via the Internet
A. The data-networking-equipment manufacturer and its investors
must cope with the harsh reality that an attractive $2.2 billion
buyout offer for the company was dropped.
Private-equity firm Bain Capital Partners LLC and its Chinese
partner, Huawei Technologies Co., withdrew their bid with the
explanation that the U.S. government intended to block it on
national security concerns.
Among its numerous businesses, 3Com sells anti-hacking and other
network security services to the U.S. Defense Department.
The government apparently had feared that technology information
could be ...