What is the reason for HPQ -0.7% on COMS Acquisition/Guidance News?
WRAPUP 2-HP to buy 3Com for $3.1 bln; Cisco rivalry heats up Wed Nov 11, 2009 8:18pm EST * Deal for $7.90 per share or 39 pct premium * HP eyes expansion in China, network gear market * Deal expected to close in first half 2010 * 3Com shares up 35 pct, HP shares edge lower * Shares of Brocade, rumored to be HP target, fall 4 pct (Adds additional executive comments) By Ritsuko Ando and Gabriel Madway NEW YORK/SAN FRANCISCO, Nov 11 (Reuters) – Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) is making a move into the network equipment market by striking a $3.1 billion deal for 3Com Corp (COMS.O: Quote, Profile, Research, Stock Buzz), in a major challenge to Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz). The deal is the latest sign that technology giants from IBM (IBM.N: Quote, Profile, Research, Stock Buzz) to Oracle Corp (ORCL.O: Quote, Profile, Research, Stock Buzz) are increasingly encroaching in each other’s markets as they seek to become one-stop s
After the close, Hewlett-Packard (HPQ) announced an agreement to acquire 3Com (COMS) for $7.90 per share. In a separate release, HPQ issued preliminary … Sources: http://news.google.com/news/url?sa=t&ct2=us%2F0_0_s_0_0_t&usg=AFQjCNFaNFaSUiXWuD3H-RayDCoqFEnfbA&sig2=DWpQgCQCx8QZwqGqGTUrbA&cid=1468615917&ei=i3X7Spj9J5ei8wS00a6uAg&rt=SEARCH&vm=STANDARD&url=http%3A%2F%2Fnews.briefing.com%2FGeneralContent%2FInvestor%2FActive%2FArticlePopup%2FArticlePopup.
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- What is the reason for HPQ -0.7% on COMS Acquisition/Guidance News?
