The acquisition of
3Com expands HP's Ethernet switching offerings, adds routing solutions and significantly strengthens the company's position in China.
Rob Enderle, director of the Enderle Group in San Jose, Calif., said the deal would give
3Com shareholders a quicker return on their investment than waiting for the stock price to go up, and possibly more than the stock might have reached on its own.
In the filing, Shaev claims
3Com breached its fiduciary duties to shareholders by accepting the US$2.7 billion offer, which values
3Com stock at $7.90 per share.
"We looked at several vendors for this project," says Claudiu Iarca, Project Director at Schneider Electric, "
3Com demonstrated that their products met all our performance and energy efficiency needs - for a better price than the competition.
At the distribution layer and at the edge of the network,
3Com Switches 5500-EI PWR deliver enterprise-class features with space-saving stackability and energy efficiency.
The
3Com VCX VoIP systems connect seamlessly to the
3Com Gigabit network infrastructure, which supports email, web access and shared applications, as well as to five
3Com NBX 100 IP telephony platforms, which deliver premium quality voice services to the island's library and schools.
Superiority demonstrated "We were impressed, not only by the industry-leading price/performance of
3Com's solution, but by
3Com's responsiveness during the tendering process, as well as their ability to demonstrate the superiority of their products and services compared to the competition," said Zaki Sabbagh, CIO, Zamil Industrial.
3Com shareholders will receive $5.30 in cash per share, a 44% premium to the stock's Sept.
"The combination of
3Com's strong distribution network with Polycom's voice technology expertise makes this the ideal solution for our customers," said Sunil Bhalla, senior vice president and general manager of Voice Communications for Polycom.
In other news,
3Com introduced a new set of VoIP applications for large enterprises designed to allow remote users to gain secure access to a company's converged communication network.