Hey Cisco! HP just bought 3Com for $2.7 Bn cash!
By Tarry Singh at 12 November, 2009, 2:09 am
My keynote last night at a University — where we covered enterpreneurship, Cloud Computing and taking the charge in your own hands — where couple of biggies from Media and Entertainment industry were there, there were many interesting insights shared by reknowned experts and it was real fun. Cisco came also as a company to watch out for, only it was about the demise of Cisco by 2018! Well, I know it sounds shocking but as a good old (VC, billionaire) friend of mine says: ” Tarry, this time in the Valley someone has to die for others to succeed!”
Nuff said.
3Com also provides network security capabilities through its TippingPoint portfolio.
The combination makes plain HP’s intentions to sell just about everything for data centers, from servers, storage, management services and networking.
Both HP’s and 3Com’s board of directors have approved the acquisition, which is expected to close in the first half of 2010.
During an announcement tele-powwow Wednesday afternoon, Dave Donatelli, executive VP of HP’s enterprise and networking claimed purchasing 3Com will make Hewlett-Packard number two in the networking market worldwide next to Cisco. It will also give HP a considerable footprint in China, where 3Com has over a 30 per cent share of networking gear.
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