Hewlett Packard to buy 3Com for $2.7B
Palo Alto, Calif. (AP) -- Hewlett-Packard Co. says it has agreed to buy networking software and equipment maker 3Com Corp. for about $2.7 billion in cash. The 3Com products will be folded into HP's own networking equipment business. . . .
Published on Tuesday 22nd of May 2012 04:02:39 AM
No 3Com for ChiComs
As the $2.2 billion merger between U.S. network-equipment giant 3Com and the Chinese firm Huawei Technologies collapsed this week, Chinese Foreign Ministry Spokesman Liu Jianchao could be heard calling for a "fair and favorable environment for Chinese enterprises in the United States." From a government that engages in extensive military and commercial espionage in the United States — four alleged operatives were just arrested passing U.S. military command-and-control technology to the People's Republic — a cry for principle on mergers with security relevance is beyond belief.
Published on Tuesday 22nd of May 2012 04:02:39 AM
BAIN CAPITAL WITHDRAWS 3COM PROPOSAL!!!
It was Just announced on Lou Dobbs show that Bain Capital Investment withdrew its application for a proposed take over of 3 com corporation. The company in charge of firewall, and anti-hacking software for the Department of Defense!!! I have never seen Lou Dobbs so elated he called it a victory for American interests, and proof that the system can work when our public servants work in the interest of the American people. It was reported that Bain withdrew the proposal when it became obvious the Committee On Foreign Investment was not going to approve it because it was a...
Published on Tuesday 22nd of May 2012 04:02:39 AM
Intelligence report hits China deal
U.S. intelligence agencies informed a Treasury Department-led review committee recently that a merger between 3Com and a Chinese company would threaten U.S. national security, The Washington Times has learned. Bush administration intelligence officials said the Office of the Director of National Intelligence (DNI) recently submitted a required threat assessment to the Committee on Foreign Investment in the United States, known as CFIUS, which is conducting a 30-day investigation of the proposed deal between 3Com and China's Huawei Technologies. The assessment, which is classified, described the deal as posing a "threat" to U.S. national security, according to officials familiar with the...
Published on Tuesday 22nd of May 2012 04:02:39 AM
HUNTER CALLS ON ROMNEY TO OPPOSE BAIN PARTNERSHIP WITH CHINESE COMPANY
HUNTER CALLS ON ROMNEY TO OPPOSE BAIN PARTNERSHIP WITH CHINESE COMPANY FOR IMMEDIATE RELEASE: November 2, 2007 CONTACT: Gary Becks (619) 334-1655, dlhunter08@yahoo.com San Diego, CA - - - Presidential candidate and current Ranking Member of the House Armed Services Committee, Congressman Duncan Hunter, today called on former Governor Mitt Romney to send a "clear statement" to the leadership of the company he founded, Bain Capital, to terminate a proposed business deal with a controversial Chinese corporation seeking to acquire U.S. defense contractor 3COM. Bain Capital is attempting to form a business arrangement with Huawei Corporation, a Chinese corporation founded...
Published on Tuesday 22nd of May 2012 04:02:39 AM
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