HP Will Buy 3Com for $2.7B and Challenge Cisco

Hewlett-Packard will acquire 3Com for $2.7 billion and take on Cisco Systems in the networking market, a battle that has been building since 2005. HP’s Dave Donatelli said the 3Com acquisition will provide HP customers with support from the edge of the network to the heart of the data centre. One focus for HP and Cisco will be China