Frbiz.com Reports Hp's Acquisition Of 3com Will Help Expand The Network Services
According to foreign media report today, in response to whether the acquisition of
network equipment companies, Brocade's question, Hewlett-Packard said that the "large" company to conduct a careful assessment, the company chose to acquire 3Com.Hewlett-Packard spokesman David Shane (David Shane) said, "We are always concerned about the many companies to evaluate opportunities for strategic acquisitions to complement and strengthen our strategic implementation capacity. We have selected a number of companies 3Com, that its right we expand our network services to help the most. "
A source said October 6, Oracle and Hewlett-Packard are the possible acquisition of Brocade. Oracle head Larry Ellison (Larry Ellison) 2 days later said he was not interested in acquisition of Brocade.
November 12, Oracle announced a 2.7 billion U.S. dollars in cash to acquire 3Com, to expand ProCurve networking business plan. The deal will enable HP to become second only to Cisco's second-largest network equipment company. Hewlett-Packard is expected to be in the first half of next year completed the acquisition of 3Com plans.
Brocade spokesman John Knudsen (John Noh) is not available for comment.
U.S. investment firm Piper Jaffray analyst Troy Jensen (Troy Jensen), and Andelunuo Vinski (Andrew Nowinski) Investment Report, released earlier this week that Hewlett-Packard is the Brocade "the most likely acquirer. Since the acquisition by Hewlett-Packard no longer possible, we believe that the current leaving only a few of the acquirer may be less likely to buy Brocade ", which includes Oracle, IBM and Dell.
Oracle, Dell and IBM were not available for comment.
Piper Jaffray, a market research firm Lazard and U.S. investment firm ThinkEquity this week cut its rating on the stock of Brocade, because the loss of opportunities for the acquisition by HP. Being driven by takeover speculation, HP announced the acquisition 3Com ago, Brocade shares this year, up more than 2 times.
Today's regular trading, Brocade shares fell 3 cents to 8.05 U.S. dollars; Hewlett-Packard shares rose 21 cents to 49.91 U.S. dollars. This year, the cumulative rate of increase in HP's stock has reached 38%.
U.S. investment firm Signal Hill Capital Group analyst Eric Sapi Ge (Erik Suppiger) said that Cisco is unlikely to buy Brocade, "Brocade business with Cisco completely overlap, Cisco will not market share buy Brocade" .
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