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HP acquires 3COM

HP acquires 3COM

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HP will purchase 3COM, a leading provider of networking switching, routing and security solutions, for approximately USD 2,7 billion. The terms of the transaction have been approved by HP and 3COM boards of directors.

The acquisition of 3COM will expand HP’s Ethernet switching offerings, add routing solutions and strengthen the company’s position in China as one of the world’s fastest growing markets.

The combination will add a large research and development team in China that will drive the acceleration of innovations of HP’s networking solutions.

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