Total : 439 View more »
Will Create Networking Industry Powerhouse with a Proven, Edge-to-Data Center Set of Solutions and Global Reach
http://www.graphicartsonline.com/article/388596-HP_to_Acquire_3Com_for_2_7_Billion.php?rssid=20435
HP's planned$2.7bn (£1.6bn) acquisitionof 3Com looks set to boost competition in the global networking and data services market, but will it benefit end-users?
http://www.computerweekly.com/Articles/2009/11/19/239380/What-HP3Com-deal-means-for-end-users.htm
Nov. 11 (Bloomberg) -- 3Com Corp. call-option trading was the highest since September 2007 today before Hewlett-Packard Co. said it would buy the company. More than 8,000 contracts changed hands, 17 times the four- week average.
http://www.businessinsider.com/who-leaked-the-hp-3com-deal-2009-11
Hewlett-Packard says it plans to acquire the maker of network switching and routing products in a deal valued at $2.7 billion. Read this blog post by Erica Ogg on Circuit Breaker.
Total : 111 View more »
Nov 18, 2009 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend, our proprietary pattern recognition system, called an Uptrend for 3Com (NASDAQ:COMS) on August 13, 2009 at $4.19.
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Tags: market nasdaq profit securities trial
Companies: 3Com Corp. (COMS)
DALLAS, Nov 13, 2009 (BUSINESS WIRE) --
Kendall Law Group, founded by a former federal judge, is investigating the proposed acquisition of 3Com Corporation (NASDAQ: COMS) by Hewlett-Packard Company. According to the agreement, shareholders will receive $7.90 per 3Com share owned. The transaction is expected to close in the first half of calendar 2010 and is subject to customary closing conditions, including the receipt of domestic and foreign regulatory approvals and the approval of 3Com stockholders.
On November 11, 2009, HP and 3Com announced that the $2.7 billion transaction has been approved by the board of directors of both companies. The firm's investigation concerns whether the consideration to be paid to shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of the company. Also, the investigation will focus on whether the Board of Directors may have breached their fiduciary duties in disregarding the shareholders' best interests by not adequately shopping the 3Com before entering into the transaction.
If you are a current holder of COMS and would like additional information concerning this proposed transaction, including your rights, contact Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. Kendall Law Group has substantial experience representing investors in mergers and acquisitions nationwide. Lawyers at the firm include a former United States Attorney, federal judicial law clerk, a former state and federal judge, in addition to experienced securities lawyers.
SOURCE: Kendall Law Group
Kendall Law Group LLP Hamilton Lindley, 214-744-3000 877-744-3728 Toll Free 214-744-3015 Facsimile hlindley@kendalllawgroup.com www.kendalllawgroup.com
Tags: acquisition email federal investigation law mergers and acquisitions nasdaq securities united states
Companies: 3Com Corp. (COMS)
CHICAGO, Nov 13, 2009 (BUSINESS WIRE) --
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Hewlett Packard Company (NYSE: HPQ), 3Com Corporation (Nasdaq: COMS), Cisco Systems Inc. (Nasdaq: CSCO), Wal-Mart Stores Inc. (NYSE: WMT) and GlaxoSmithKline, plc (NYSE: GSK).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579
Here are highlights from Thursday's Analyst Blog:
Hewlett-Packard to Acquire 3Com
Hewlett Packard Company (NYSE: HPQ) is planning to take over networking gear maker 3Com Corporation (Nasdaq: COMS). The acquisition, valued at $2.7 billion, enables HP to challenge networking leader Cisco Systems Inc. (Nasdaq: CSCO) on its own turf.
HP's current networking products, sold under the ProCurve brand, generate around $1 billion in annual sales (less than 1% of the company's total revenue). The product line lacks competitive data center switches, which makes it hard to take market share from well-entrenched Cisco.
3Com's expertise is in networking products for data centers, which supports HP's ProCurve networking equipment. Although the company has seen better times, it has been beefing up its portfolio by utilizing its design capabilities in low-cost China. The company is, therefore, in a position to compete aggressively on price. 3Com's challenges include its poor brand value in American and European markets and its weak position in these geographies.
The HP-3Com combination is therefore an ideal fit, in our opinion. If the deal closes, HP will acquire a new capability overnight, strengthen its position in China and grow at its competitor's expense. 3Com will benefit from HP's superior brand value and find a broader market for its new products.
Wal-Mart Sales Up in U.S., Europe
Wal-Mart Stores Inc. (NYSE: WMT) reported strong fiscal third-quarter earnings of 84 cents per share, which surpassed the Zacks Consensus Estimate of 81 cents. Earnings grew 9.1% year over year from 77 cents recorded in the year-ago quarter, and exceeded management's guidance of 78 cents to 82 cents per share.
Wal-Mart's net sales recorded a growth of 1.1% year over year to $98.7 billion, as a 1.2% expansion in Wal-Mart's U.S. segment coupled with a 1.6% increase in the International segment was partially offset by 0.7% decline in the Sam's Club segment. The growth in International sales was driven by robust performance in the U.K., Mexico and Brazil, but was limited by unfavorable currency fluctuations.
The retailing behemoth, widely considered as a barometer of the country's economy, said U.S. same-store sales dipped 0.5% year-over-year, while that for Sam's Club rose by 0.1%.
Glaxo Reports Higher Revenues
GlaxoSmithKline, plc (NYSE: GSK) reported third quarter income of 92 cents per American Depository Share (ADS), 3 cents below the Zacks Consensus Estimate. The company reported earnings of 94 cents in the year-ago period.
Third quarter 2009 revenue increased 3%, with growth being driven by strong performances in emerging markets (up 25%), Japan (up 19%) and Consumer Healthcare (up 8%). We were pleased to see growth in Consumer Healthcare revenue despite the global slowdown.
Meanwhile, US sales continued to be impacted by generic competition with revenue declining 12%. Sales of products like Imigran (down 74%), Lamictal (down 21%) and Requip (down 30%) and Wellbutrin XL (down 81%) kept declining.
Pharmaceutical product revenue increased 2% with sales being driven by Advair/Seretide (up 5%) and Relenza. Relenza benefited from continued orders from several governments for stockpiling.
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SOURCE: Zacks.com
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Tags: acquisition brazil china consumer currency earnings economy email e-mail equity expansion healthcare investment investment opinion japan market market share mexico nasdaq networking nyse pharmaceuticals prices products profit property research revenue sales securities security
Companies: 3Com Corp. (COMS), Cisco Systems, Inc. (CSCO), GlaxoSmithKline plc (GSK), Hewlett-Packard Co. (HPQ), Wal-Mart Stores, Inc. (WMT)
BENSALEM, Pa., Nov 12, 2009 (BUSINESS WIRE) --
Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of 3Com Corp. ("3Com" or the "Company") (NASDAQ: COMS) arising from the Company's announcement of its intent to be acquired by Hewlett-Packard Co. ("HP").
The investigation concerns the price to be paid by HP to 3Com shareholders and the process by which 3Com's Board of Directors is addressing the transaction. Under the terms of the proposed agreement, 3Com shareholders will receive $7.90 for each share of 3Com common stock they own. The transaction has a total value of $2.7 billion.
If you own shares of 3Com, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or visit www.howardsmithlaw.com. You may also email my firm at howardsmith@howardsmithlaw.com.
SOURCE: Law Offices of Howard G. Smith
Law Offices of Howard G. Smith Howard G. Smith, Esquire (215) 638-4847 (888) 638-4847 howardsmith@howardsmithlaw.com www.howardsmithlaw.com
Tags: email investigation law nasdaq pennsylvania
Companies: 3Com Corp. (COMS)
Total : 11,276 View more »
The attendee of this webcast will learn more about 3Com's new network management solution, the H3C Intelligent Network Center (IMC). H3C IMC is a revolutionary end-to-end network management solution which allows to manage the heterogeneous network through a single interface, dramatically reducing
3Com Announces Senior Leadership Changes to Accelerate Global Business Plan More... 3Com Vaults to #1 in China for Enterprise Stackable Switches and Routers More... 3Com Is the Strong Leader in 'Green' Networking According to New Industry Research Report More...
3com resellers across EMEA will be offered a 6 per cent discount on networking kit sold into the public sector under an initiative announced last week by the vendor aimed at growing its share of business in the state sector.
http://www.microscope.co.uk/welcome/technology/network-communications/3com-offers-discount
Tibco backs Microsoft's Silverlight, AOL and Yahoo make Voice over IP moves, LinkedIn expands its social-networking site, 3Com looks to China, and more
Total : 16,900,000 View more »
CommWorks Corporation was a subsidiary of 3Com Corporation, based in Rolling Meadows, Illinois. It was sold to UTStarcom, Inc. of Alameda, California in 2003.
See the company profile for 3Com Corporation (COMS) including business summary, industry/sector information, number of employees, business summary, corporate governance, key ...
3Com Corporation is a $1.3 billion global network infrastructure solution provider with a 30-year legacy of innovation. According to IDC, 3Com is the number two provider of ...
http://it.toolbox.com/vendors/3com-network-solutions/content/
Since 3Com's founding in 1979, we have been a global leader in the networking industry, building the next generation of intelligent, converged networks with new functionality and ...
Looking for the latest in VoIP? We've got the scoop on VoIP providers, services, products, news and business reports.
http://www.voipmonitor.net/2008/04/08/VoIP+Conference+Phones+Deliver+HD+Voice.aspx
3Com has been voted "Company of the Year, 2007" by the readers of Network Computing Magazine - a demonstration of the respect that we continue to command within the industry.