Quantcast

Latest 3Com Corp. Stories

bb218a1a0e17411cc78a7799179643c3
2009-11-12 10:45:40

Hewlett-Packard Co has announced it will acquire 3Com Corp in a $2.7 billion deal that is being seen as a direct threat to Cisco Systems. 3Com manufactures devices for Internet connections, such as routers and Ethernet switches. HP said it would pay $7.90 per share of 3Com, as well as a 39 percent premium to the company's closing stock price. HP said the deal is expected to be completed during the first half of 2010, if approved by regulators. "Companies are looking for ways to break free...


Word of the Day
penuche
  • A fudgelike confection of brown sugar, cream or milk, and chopped nuts.
'Penuche' is a variant of 'panocha,' a coarse grade of sugar made in Mexico. 'Panocha' probably comes from the Spanish 'panoja, panocha,' ear of grain.
Related