Hewlett-Packard hunting on lands with Cisco 3Com
Hewlett-Packard (HP), the world's leading hardware announced it was acquiring for $ 2.7 billion of 3Com, a maker of networking equipment. This puts competing head on with another U.S. giant Cisco, which recently entered the server market.
With this acquisition, HP made two birds with one stone: he enters the market of network equipment, but it also benefits from the strong position of 3Com on the Chinese market. Cisco executives have noted that this deal their own strategy: "While Cisco has a deep respect for all competitors, acquisitions in our industry only confirms the fact that the networks become a platform for all forms of communication and services.3Com had already been targeted last year by Bain Capital and Chinese equipment supplier Huawei without the approval of U.S. authorities.