3Com is a digital electronics manufacturer best known for its computer network infrastructure products. The company was co-founded in 1979 by Robert Metcalfe, Howard Charney, Bruce Borden, and Greg Shaw, and is headquartered in Marlborough, Massachusetts. The name 3Com came from the company's focus on "Computers, Communication and Compatibility".
On 12 April 2010, Hewlett-Packard completed a previously announced acquisition of 3Com. The deal was closed at a final price of $7.90 per share (cash), equating to an enterprise value of approximately $2.7 billion dollars.
3Com is a global provider of enterprise and small-business networking solutions, offering network switches, routers, wireless access points and controllers, IP voice systems, and intrusion prevention systems. The company is based in Massachusetts, USA. From its 2007 acquisition of 100 percent ownership of H3C Technologies Co., Limited (H3C) -- what was initially a joint venture with China-based Huawei Technologies—3Com today has a leading market presence in China, and a significant networking market share in Europe, Asia, and the Americas. 3Com products are sold under the brands 3Com, H3C, and TippingPoint.
3Com has annual revenue of $1.3 billion (FY08 year ended May 30, 2008) and more than 6,000 employees (FY08) in over 40 countries. In September 2008, 3Com reported financial results for its fiscal 2009 first quarter, which ended August 29, 2008. Revenue in the quarter was $342.7 million compared to revenue of $319.4 million in the corresponding period in fiscal 2008, a 7 percent increase. Net income in the quarter was $79.8 million, or $0.20 per diluted share, compared with a net loss of $18.7 million, or $0.05 per share, in the first quarter of fiscal year 2008.
The company reports it has more than 2,700 engineers, with more than 1,400 U.S. and nearly 180 Chinese issued patents, more than 1050 pending Chinese applications as well as pending applications for 35 separate inventions outside of China that cover a wide range of networking technologies.
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