image thumb42 HP to acquire 3Com: Lets break Ciscos hegemony

In bid to expand into the networking industry, the leading computer manufacturer HP will be acquiring 3Com. The idea is perhaps to counter Cisco whose networking products dominate the industry. 3Com also sells  the similar devices. The other reason could be to break the hegemony of one vendor in the networking scene and Cisco is a perfect example while 3Com on the other hand has been stagnant in growth. The vendor can very well utilize HP’s global influence to gain market share. The acquisition will cost HP $2.7 Billion.