Tag: networking company
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HP acquires 3COM to battle Cisco for data center supremacy
The News: On November 11th, HP reached an agreement to acquire network infrastructure manufacturer 3Com for $2.7 billion. 3Com makes networking, switching, routing equipment and security software. 3Com had $216 million in total sales last year, according to SEC filings. The company is a market leader in China, which was a big factor in HP's decision to make the…