HP Acquires 3Com for $2.7 billion - But Some Fishy Trades
By Tom Foremski - November 11, 2009
Hewlett-Packard said it agreed to acquire 3Com for $2.7bn or $2.70 a share. It represents a 40% premium.
The acquisition is part of HP's efforts to boost its data center strategy.
Sramana Mitra writes:
She says that 3Com has executed a very good turnaround. She predicts that Cisco's margins will suffer because of increased competition from HP and others.
The deal should be completed in the first half of 2010.
Dan Primack, writing at PEHub reports that there are signs of some unusual trading activity in 3Com shares.
« Most Mergers Don't Work... | Main | Advanced Micro Devices Reveals Chip Roadmap »
November 11, 2009 | Permalink | Comment | Category: | Subscribe to SVW
- Top Stories:
- Technology In The Service Of Humanity
- The Death Of The Search Algorithm? Techmeme Has Six Editors
- TEDxSF - Little TED Just Like The Big TED
- SNCR Research: Social Media IS Influencing Business Decisions
- What's Next? Beyond Real-Time...
- PearlTrees: A Novel Approach To Human Mapping Of The Internet
- MediaWatch Analysis Part II: Google Has More To Lose Than Murdoch
- MediaWatch Analysis: Murdoch Will Negotiate Payment For Access To Basket Of Content With GOOG et al
- WeekendWatcher: The Sheer Number Of Things Will Devalue Them
- ChipWatch - Where Will The Next Generation Of Engineers Come From?
- Public Healthcare Could Cut Startup Costs And Help Spur Innovation
- Is GOOG's $750m AdMob Buy Strategic Or Dumb? An alternate view...