3Com to be aquired by Huawei and Bain fro $2 Billion

Sep 28 2007, 7:32am CDT | by Luigi Lugmayr

The WSJ reports that network equipment maker 3Com is selling for more than $2 billion to Bain Capital and Huawei Technologies.

Chinese Huawei Technologies would take a minority stake in 3Com. I still remember the early days of Ethernet networks. 3Com cards were the must have back then.
3Com's last quarter showed a loss of $18.7 million. The deal is not official yet. The WSJ has the information from a 'person familiar with the matter'.
More details on the WSJ (Subscription).

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.