Linux Today: Linux News On Internet Time.
Search Linux Today
Linux News Sections:  Developer -  High Performance -  Infrastructure -  IT Management -  Security -  Storage -
Linux Today Navigation
LT Home
Contribute
Contribute
Link to Us
Linux Jobs


More on LinuxToday


Hewlett-Packard to Acquire 3Com

Nov 12, 2009, 18:33 (0 Talkback[s])
(Other stories by Steve Lohr)

"In an interview, Ann M. Livermore, an executive vice president of H.P., described computer networking as a $40 billion-a-year market with high profit margins that is growing briskly and dominated by Cisco, which has so far had little head-to-head competition.

""H.P. is eager and now positioned to disrupt the networking industry," Ms. Livermore said.

"The offer price, $7.90 a share, is at a premium of about 39 percent to 3Com's closing price on Wednesday. The deal was announced after the market closed."

Complete Story

Related Stories: