- Dollar Trouble, Oil's Bubble Could Derail Recovery
- Why Stronger Chinese Yuan Would Benefit US Investors
- Hewlett-Packard to Acquire 3Com for $2.7 Billion in Cash
- AIG CEO: I Remain 'Totally Committed' to Firm
- CNN Anchor Lou Dobbs Says He is Leaving Network
- A Day on the USS Harry S. Truman
- How the Droid and Google Threaten the GPS Makers
- Commercial Real Estate Near Disaster: Fund Manager
- This Town Will Pay YOU $10,000 to Buy a House
- What to Expect From Disney Earnings?
- HP's Shot Across Cisco's Bow
- USC Football Blog Leads All-Access Space
- Clowning Around At Work
- Ahead of Earnings Disney Restructures Studio
- Nov. 11: Unusual Volume Leaders
- 3 'Clear Sailing' Mid-Caps For Investors: Strategist
- Intimate Apparel Sales Heating Up: Maidenform CEO
- A Day On The USS Harry S. Truman
MOST SHARED
- Hewlett-Packard to Acquire 3Com for $2.7 Billion in Cash
- USC Football Blog Leads All-Access Space
- Dollar Trouble, Oil's Bubble Could Derail Recovery
- Addicted to Easy Money?
- Credit Is Thawing, But Businesses Still Hesitant to Borrow
- Why Stronger Chinese Yuan Would Benefit US Investors
- Oil Tomorrow
- HPQ to Acquire 3Com
Text Size 
Hewlett-Packard announced after the bell Wednesday that it will acquire 3Com in a deal valued at $7.90 a share, or approximately $2.7 billion in cash, sending 3Com shares sharply higher in after-hours trading. Click Here to Get After-Hour Quotes for 3Com and HP.
Also Wednesday, Hewlett-Packard announced preliminary results for the fiscal fourth quarter, putting its revenue at $30.8 billion, down 8 percent from the same time last year, and down 5 percent when adjusted for currency effects.
The acquisition of 3Com , which provides networking, switching, routing and security solutions, will expand HP's network gear business and strengthen its positioning in China, the company said in a press release.
HP is the world's largest computer maker, and the economic downturn has been a drag on two of its core businesses, PCs and printer ink. The acquisition is a step toward HP's goal of diversifying into other areas.
- Bernard and Ruth Madoff's personal possessions will be auctioned this weekend. Click ahead to see.
- US real estate prices have fallen dramatically, but some places are still doing well. See the best-performing zip codes this year.
- An Italian cashmere maker aims to make profits while creating ideal conditions for his workers.
- Just in time for the holidays, the Triumph company of Japan offers the latest innovation in women’s undergarments.
- The real result of health care reform will be bloated government and higher deficits, says Larry Kudlow.
- Vote and suggest your own, and remember--there's a fine line between a hero and a zero.
Data is a real-time snapshot *Data is delayed at least 15 minutes