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Hewlett-Packard to Buy 3Com for $2.7 Billion; Outlook Raised (HPQ)

By Dividend.com Staff
November 12th, 2009

hewlett-packard-to-buy-3com-for-2-7-billion-outlook-raised-hpq

PC and printer giant Hewlett-Packard Company (HPQ) said late Wednesday that it is buying networking equipment maker 3Com (COMS) for $2.7 billion in cash, and also released preliminary fourth quarter results that beat expectations.

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.