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HP to acquire 3Com for $2.7B, to take on Cisco in networking

Computer giant HP said today it has agreed to acquire networking company 3Com for $2.7 billion, in a deal it says will create a “networking industry powerhouse.”
Significantly, the move brings one of the world’s largest computer companies, HP, in closer competition to Cisco, the Silicon Valley networking giant that has long dominated the business of [...]

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