Forgot your password?
typodupeerror
News Businesses HP

HP To Acquire 3com For $2.7 Billion 231

Posted by samzenpus
from the getting-bigger dept.
An anonymous reader writes "HP and 3Com Corporation today announced that they have entered into a definitive agreement under which HP will purchase 3Com, a leading provider of networking switching, routing and security solutions, at a price of $7.90 per share in cash or an enterprise value of approximately $2.7 billion. The terms of the transaction have been approved by the HP and 3Com boards of directors."
This discussion has been archived. No new comments can be posted.

HP To Acquire 3com For $2.7 Billion

Comments Filter:
  • Awkward (Score:4, Informative)

    by symbolset (646467) on Wednesday November 11, 2009 @08:42PM (#30067976) Journal

    Somebody talked. The options market started heating up hours before the announcement.

    It looks like it's going to be a good fight, as the traditional tech companies merge transformer-style into a pair of consolidated all-in-one providers. Maybe they'll battle to the death for every server room dollar.

    All the while Apple sews up more and more lines in the consumer electronics market and Jobs smiles subtly. It's almost as if he knows what happens once we've consolidated everything in the datacenter.

  • Re:FU HP (Score:5, Informative)

    by oldspewey (1303305) on Wednesday November 11, 2009 @08:53PM (#30068056)
    ... what else is new? The IT company I work for implemented 5% pay cuts across the board this year, and then went out and made a ~$2B acquisition.
  • Re:FU HP (Score:1, Informative)

    by Anonymous Coward on Wednesday November 11, 2009 @09:34PM (#30068334)

    3com doesn't have anything which HP doesn't have a better version of already.

    TippingPoint. HP doesn't have anything in the IPS space.

  • by khallow (566160) on Wednesday November 11, 2009 @09:35PM (#30068350)
    The HP/Agilent split had nothing to do with Carly. That was started under the previous CEO and pretty much completed by the time she showed up.
  • Re:FU HP (Score:4, Informative)

    by AuMatar (183847) on Wednesday November 11, 2009 @09:36PM (#30068358)

    Shit like this is why I left 5 years ago. Get out while you still can, the old HP is dead and the zombie remnant doesn't give a shit about its employees.

  • by Peter Simpson (112887) on Wednesday November 11, 2009 @09:40PM (#30068384)

    Started with them in Massachusetts in '93. They had some of the worst and most disorganized upper management ever. The guys doing corporate strategy must have been ADHD. They would buy a new (usually startup) company every year...some good, some bad. Kept the original management for a year, then, after all the developers and original management had gotten PO'd and left, bought another company and did the same thing. Year after year. I'm not sure what they got out of it.

    I was laid off after they'd spent several years developing a gigabit enterprise switch, sold the first few, then made s surprise announcement that they were leaving the enterprise business. You can imagine how their major customers, who'd started to build new infrastructure using these switches, took that news.

    They did give out great clothing, though. Still have a collection. Great co-workers, good projects, extremely poor corporate management.

  • Re:FU HP (Score:4, Informative)

    by Man On Pink Corner (1089867) on Wednesday November 11, 2009 @10:31PM (#30068716)

    It's highly unlikely that HP will make money on that one. 3com doesn't have anything which HP doesn't have a better version of already. This makes even less sense than the Compaq deal

    Patents.

  • by nametaken (610866) on Wednesday November 11, 2009 @11:18PM (#30069012)

    Oddly I'll always remember 3com for having bought up US Robotics.

    Does that make me old? :(

  • by Anonymous Coward on Wednesday November 11, 2009 @11:32PM (#30069082)

    I was laid off after they'd spent several years developing a gigabit enterprise switch, sold the first few, then made s surprise announcement that they were leaving the enterprise business. You can imagine how their major customers, who'd started to build new infrastructure using these switches, took that news.

    At my mid-sized employer we had a 3COM 8800 core switch up until recently. When I started at the job earlier this year I made sure to get that thing the hell out of there in place of Cisco Catalysts or HP Procurves. The CLI interface was clunky, not well structured, and looks like 3COM tried to emulate how Cisco IOS is laid out. I was creating a trunk line between the 8800 and a 3COM workgroup switch and it took down the whole network. The funny thing is I followed the same procedure I always have, but for some reason this time it decided not to cooperate. My employer purchased this POS in 2005? for I'm guessing over $100k with all of the cards and it was the biggest waste of money. I was told that the "official" 3COM rep came in trying to sell them on this thing for months and for whatever reason the head IT guy at the time eventually decided to get it.

    I guess I don't really have much to expand on from your comment - just voicing my frustrations from working with that POS.

  • by humphrm (18130) on Thursday November 12, 2009 @12:50AM (#30069448) Homepage

    I remember when everyone knew who Hayes was, and nobody knew who USR was. USR was the underdog in that battle, and eventually switched roles from the David to the Goliath. But anyway 3COM was hardly a no-name company when they bought USR; Bob Metcalf invented Ethernet and founded 3COM and at the time was the God Of All Things to network geeks. He put ethernet adapters into VAX machines that had previously been stand alone systems in Universities, connected them all up, and made the Internet go. By the time of the buyout, 3COM was riding high on the sales of NICs and USR was the king of dial-up. It was a match made in heaven. Until both markets collapsed, for different reasons. I miss those days.

  • by Anonymous Coward on Thursday November 12, 2009 @04:03AM (#30070178)

    Has everyone forgotten that HP makes procurve swithes

"Summit meetings tend to be like panda matings. The expectations are always high, and the results usually disappointing." -- Robert Orben

Working...