3Com Bought by Private Firm
: Posted by Robert Ballecer @ 2:15 pm (Sep/30/07) Business, Technology No Comments »From the article:“3Com, which faces brutal competition from Cisco Systems Inc. and others, is now a shadow of the high-flying star it became in the late 1990s technology boom. At one point in 2000, its shares briefly rose above $100 apiece.
Bain Capital, a private equity firm, decided the 28-year-old company still has enough potential to justify a buyout carrying a hefty 44 percent premium to the stock’s Thursday closing price of $3.68 per share.
Shareholders will receive $5.30 in cash for each share of 3Com stock.”
I remember when 3Com was synonymous with networking and Cisco was an upstart. Many years and too many missteps later, 3Com is now going private. I hope that this move will give them the breathing room to reorganize and think of some serious long-term strategies. I would have to this icon of the 80’s and 90’s to go away.









