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HP to buy 3Com for $2.7 billion, issued by chartpoppers.com(M2 PressWIRE Via Acquire Media NewsEdge) To find more information on Hewlett Packard Company (NYSE:HPQ) and other big board companies, Sign up to receive updates and Investment coverage from Chartpoppers.com Point Roberts, WA - Chartpoppers.com announces an investment report featuring company Hewlett Packard Company (NYSE:HPQ) Hewlett Packard Company (NYSE:HPQ) Hewlett-Packard Company provides various products, technologies, software, solutions, and services worldwide. The company's Enterprise Storage and Servers segment provides storage and server products in industry standard servers, business critical systems, and StorageWorks offerings. Its HP Services segment offers a portfolio of multi vendor IT services, such as technology, consulting and integration, and outsourcing services. Recent News on Hewlett Packard Company (NYSE:HPQ) Hewlett-Packard Co struck a deal to buy network equipment maker 3Com Corp for $2.7 billion to step up competition against Cisco Systems Inc and expand into China. HP said it would pay $7.90 per share for 3Com, or a premium of 39 percent over its Wednesday closing price on Nasdaq. The move comes amid a flurry of acquisitions by Cisco and other technology vendors trying to broaden their product portfolios and provide a one-stop shop for computing, networking and storage equipment. "It gives HP additional scale within the low-to-mid tier wireless and networking market. It matches up with HP's switches that compete with Cisco," said Shannon Cross at Cross Research. 3Com, which has a large presence in China, has been pushing into the large enterprise market outside that country with its H3C brand, trying to take on giants like Cisco. To view the Consolidated Investment Analysis on Hewlett Packard Company (NYSE:HPQ) Please visit the stock pulse page at www.chartpoppers.com In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity. The full report is available at www.chartpoppers.com Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. We try to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas to a in depth coverage of what's going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed. For More information please visit us at www.chartpoppers.com Chartpoppers.com Disclosure DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them. ((Comments on this story may be sent to [email protected])) (c) 2009 M2 COMMUNICATIONS |