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Tech giant HP will buy 3Com; $2.7 billion deal is latest in computing mergers.

Publication: San Francisco Chronicle
Publication Date: 12-NOV-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Byline: Tom Abate; Chronicle Staff Writer

Hewlett-Packard Co. said Wednesday it will acquire 3Com Corp. in a $2.7 billion deal that will enable the computer giant to expand its sales of networking products at a time when all the big technology vendors want to become one-stop shops for their corporate computing clients.

The acquisition thrusts HP, the Palo Alto firm that makes everything from ink-jet printers to corporate data centers, into direct competition with Cisco Systems, the San Jose company that has been the dominant vendor for computer networking.

"This is definitely a move from HP that competes with Cisco in that space," said analyst Vanessa Alvarez of...

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