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Latest 3Com Corp. Stories

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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
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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