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Article: 3Com to be sold to HP for $2.7b ; Computer giant takes aim at Cisco's network business
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- November 12, 2009
- Author:
CopyrightCopyright 2009 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Computer giant Hewlett-Packard Co. will buy network equipment
maker 3Com Corp. of Marlborough for $2.7 billion in a head-on
challenge to Cisco Systems Inc., which dominates the network
business. The deal will position HP to attack the heart of Cisco's
market, and it comes only a week after Cisco teamed up with data
storage titan EMC Corp. of Hopkinton to invade HP's stronghold in
server computers and storage.
"This is going to rock the networking world," said 3Com's
president, Ronald Sege, adding that HP's global sales force could
quickly expand 3Com's market share.
3Com is the second major Massachusetts tech company in the past
month to be acquired by a Silicon Valley firm, as the tech ...