HP Acquiring 3Com

Hewlett-Packard has announced plans to buy 3Com for $2.7 billion. Wow, that is quite a chunk of change.

"By combining HP ProCurve offerings with 3Com's extensive set of solutions, we will enable customers to build a next-generation network infrastructure that supports customer needs from the edge of the network to the heart of the data center," Dave Donatelli, executive vice president and general manager of HP's Enterprise Servers and Networking business said in a statement.

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