Word: 3com
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...hunt for bargains. Hurd found his first in August 2008, when HP spent $13.9 billion to buy the languishing infotech-consulting giant Electronic Data Systems (EDS), a direct play against high-end-services leader IBM. Then last November, HP announced it would pay $2.7 billion for networking concern 3Com, a means to rile Cisco as well as expand HP's footprint in the rapidly growing China market, where 3Com is strong. About 70% of HP's business is overseas...
...Congress and legislatures in the U.K., Europe, and Japan are faced with whether or not to let key companies in important industries pass into Chines hands. Last year, the Congress effectively blocked a deal for Chinese electronics firm Huawei Technologies to buy 3Com. The reasoning was the U.S. did not want critical telecom equipment intellectual property to be easily accessible to China. (See pictures of the global financial crisis...
...puts the interests of Congress against the interests of shareholders. PetroChina is paying a 24% premium to buy its new stake in Singapore Petroleum. If a Chinese firm offered a similar premium to buy a US-based energy or refining operation, would Congress block the deal? If the 3Com transaction is any indication, potential shareholder profits would be trumped by a government decision that it does not want China to have control of assets that are part of the fabric of American economic and business interests...
...software world, Murray, 42, is something of a turnaround king. After all, he primed three of the ailing companies he once headed--the Learning Company, Stream International and Modus Media--for lucrative buyouts. His newest charge is 3Com Corp., which has not been profitable for five years. He says his first priorities will be to focus on expanding 3Com's China presence and promoting the firm's cybersecurity technology. But is there a sale in 3Com's future? Says a noncommittal Murray: "It's always about driving up value for shareholders. I've had a successful track record...
...folks at Cisco and 3Com argue, of course, that everyone should get on an IP-based network--at once. Those who wait, they say, will fall behind competitors not only in cost savings but also in learning how to use a converged network as a strategic asset. "There's no question at this point that all communication will ultimately be IP based," says Charles Giancarlo, senior vice president of product development at Cisco. He may be right: most businesses now outfitting new offices for telephony tend to go with VOIP instead of traditional phone lines...