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From the Blogosphere
HP/3Com Deal Bursts Networking Equipment Speculation Bubble
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Last night’s surprising news that Hewlett-Packard (HPQ) is buying 3Com (COMS) for $7.90 a share has sent far-reaching ripples through the networking equipment sector. The Street sees largely negative ramifications for other players in the industry, and they fall into three categories. <><>Competitive issues: This deal makes HP a more formidable player in networking, and in particular targets Cisco (CSCO), which itself had jumped into the server market earlier in the year. In effect, the server, software, service and networking segme...
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3COM Traders and Their Connections
Morning Movers 11/12: NLST, HPJ, COMS, AMD, CAAS Higher; TRMS, NWPX, ATRN, BRCD, CDTI, GMCR Lower
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Netlist, Inc. (Nasdaq: NLST) <font>69.4% HIGHER;</font> yesterday launched HyperCloud(TM), the world's first 16GB, 2 virtual rank (vRank) memory module for servers. The stock surged more than 50% on the news yesterday.Hong Kong Highpower Technology, Inc. (NYSE Amex: HPJ) <font>39.6% HIGHER;</font> reports Q3 EPS of $0.18, compared to $0.02 in the same quarter last year. Revenue for the quarter was $21.1 million, versus $20.5 million in Q308.3Com Corporation (NASDAQ: COMS) <font>31.5% HIGHER;</font> HP (NYSE: HPQ) announced plans to acquire 3Com for $7.90 per share in cash or an enterprise v...
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After-Hours Movers 11/11: COMS, JMBA, GRRF, CTRP, UBET Higher; GMCR, PDC, BZ, ONTY, BRCD, TTEK Lower
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3Com Corporation (NASDAQ: COMS) <font>36% HIGHER;</font> HP (NYSE: HPQ) announced plans to acquire 3Com for $7.90 per share in cash or an enterprise value of approximately $2.7 billion. The terms of the transaction have been approved by the HP and 3Com boards of directors. HP anticipates that the transaction will be slightly dilutive to fiscal 2010 non-GAAP earnings. The transaction is expected to close in the first half of calendar 2010.Jamba, Inc. (NASDAQ: JMBA) <font>12.7% HIGHER;</font> reports Q3 EPS of $0.04, 4 cents better than the analyst estimate of $0.00. Revenue for the quarter w...
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Hewlett-Packard to Acquire 3Com – Analyst Blog
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Hewlett Packard Company (HPQ) is planning to take over networking gear maker 3Com Corporation (COMS). The acquisition, valued at $2.7 billion, enables HP to challenge networking leader Cisco Systems Inc. (CSCO) on its own turf.
HP’s current networking products, sold under the ProCurve brand, generate around $1 billion in annual sales (less than 1% of the company’s total revenue). The product line lacks competitive data center switches, which makes it hard to take market share from well-entrenched Cisco.
3Com's expertise is in networking products for data centers, which supports HP's ProCu...
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