* Deal for $7.90 per share or 39 pct premium * HP eyes expansion in China, network gear market * Deal expected to close in first half 2010 * 3Com shares up 35 pct, HP...
3Com has won a contract to provide energy provider Schneider Electric in the UAE, a complete core-to-edge network which will help the company make energy safer and more reliable.
3Com Corporation, an enterprise networking solutions provider, said that its networking switches were evaluated by Miercom, a provider of independent test services, and were found to use up to 40 per cent less energy than competing products.
* Competitive pressures rising in tech with flurry of M&A * Analyst say HP could pursue more networking deals * Storage, software also seen as attractive to HP * Brocade shares plunge 13 pct, unlikely...
* Deal for $7.90 per share or $2.7 bln enterprise value * HP eyes expansion in China, network gear market * Deal expected to close in first half 2010 * 3Com shares up 35 pct,...
* Deal for $7.90 per share or $2.7 bln enterprise value * Deal expected to close in first half 2010 * 3Com, HP shares halted NEW YORK, Nov 11 - Hewlett-Packard Co said on Wednesday...
HONG KONG - Although Washington scrapped a proposed $2.2 billion buyout of 3Com by Bain Capital Partners and Huawei Technologies to prevent the data network provider from falling partially into Chinese ownership, the Bush administration may find it difficult to criticize 3Com's move to hire a Mandarin-speaking CEO to expand its business in China.
A sale may be less about one ''magical moment'' than a million incremental wins.
A few words of advice brought 3Com's CEO to China long before his competition.
Since the dot-com bust 3Com has been taking Chinese lessons.