Trader Talk
- The Risk Trade Has Not Gone Away—Yet
- Black Friday No Disaster, But Retail May Be Dead For A Bit
- Traders Focus On The Homefront
- Despite Dubai, U.S. Markets Calm
- Stocks Lurking Near New Highs Again
- Risk Trade Is Back On
- This Week's Biggest Story: The Dollar
- Corporate Issuance Continues at Torrid Pace
- The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
- Colgate Really Sparkles After Hours
TRADER TALK RSS FEED
MOST SHARED
- Commercial Property Fears Are Overblown: Zell, LeFrak
- Pending Home Sales Have Record Rise; Construction Flat
- AIG Slashes US Debt Under Deal With New York Fed
- Retailers 'Friend' Facebook as Marketing Budgets Shrink
- US Manufacturing Grew Less Than Expected in November
- Farrell: Forget About Dubai—Worry About This
- S&P Stocks Trading at New 52-Week Highs
- Somali Sea Gangs Create Pirate Stock Exchange
- US May Raise Rates Before Jobs Recover: Fed's Plosser
- Stocks Likely Don't Need Santa to Keep Rally Going
- Ford, GM, Toyota US Sales Up, But Chrysler Falls
- Larry Kudlow's Open Letter to Tiger Woods
- AIG Slashes US Debt Under Deal With New York Fed
- Commercial Property Fears Are Overblown: Zell, LeFrak
- Trump: Time to Force Banks to Start Lending
- Seamstress Fined $5.7 Million for Insider Trading
- Super Fantasy Christmas Gifts of 2009
Text Size 
CNBC Reporter
 |
After the close, tech giant Hewlett-Packard [HPQ
Loading...
()
] announced it will acquire networking provider 3Com [COMS
Loading...
()
] for $2.7 billion in an all-cash deal.
3Com shareholders would get $7.90 per share, a 39 percent premium from today's close, while the merger would expand H-P's networking offerings to compete more with Cisco Systems [CSCO
Loading...
()
].
3Com began trading shortly after the announcement at $7.69, up from $5.69 at the close.
Concurrently, Hewlett-Packed announced better-than-expected preliminary Q4 earnings ($1.14 vs. $1.11 consensus), propelled by "significant growth in China."
Guidance for Q1 2010 is also ahead of estimates, while the Dow component also raises its full-year 2010 earnings and revenue forecast.
Add this on to positive comments from IBM [IBM
Loading...
()
] recently, and there is little doubt that tech orders are improving.
But is it enough? HPQ has DOUBLED since the March bottom (from $25 to $50), and is not far from its all-time high of $68 in July 2000.
_____________________________
- The Dow 30 in Real Time
- Hewlett-Packard to Acquire 3Com for $2.7 Billion in Cash
- HP Raises 2010 Outlook
- The CNBC Stock Blog
_____________________________
Questions? Comments?
POPULAR TRADER TALK POSTS
- The Risk Trade Has Not Gone Away—Yet
- Black Friday No Disaster, But Retail May Be Dead For A Bit
- Traders Focus On The Homefront
- Despite Dubai, U.S. Markets Calm
- Stocks Lurking Near New Highs Again
- Risk Trade Is Back On
- This Week's Biggest Story: The Dollar
- Corporate Issuance Continues at Torrid Pace
- The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
- Colgate Really Sparkles After Hours
Data is a real-time snapshot *Data is delayed at least 15 minutes