Monday, October 01, 2007

3Com gets bought by China

NewsFactor announces that 3Com was purchased:
3Com, whose products include Ethernet switches for directing data over networks, has been losing market share to Cisco, but the $2.2 billion deal with Bain Capital and Huawei Technologies could put 3Com in a better competitive position, especially in China, and give Huawei the leverage to compete outside China with Cisco.
Quietly, the big boys of the modem days are dwindling. Hayes - gone. USR was bought by Private Equity, the same group that bought Z-Tel/Trinsic. Zoom is still hanging in there. 3Com was founded in 1979 by Robert Metcalfe after he (and others) discovered and named Ethernet at PARC. Now the Chinese own it. Like the French own what little is left of Bell Labs.

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