Feeds

3Com delays buyout vote again

Struggles to satisfy US security concerns

Boost IT visibility and business value

In brief 3Com says it needs 14 more days to smooth out US security concerns before the company can take its pending $2.2bn sellout to a vote.

For a second time, the networking firm has postponed a shareholder meeting to decide if it will sell the company to Bain Capital and its Chinese partner, Huawei Technologies.

The three companies have struggled to find a plan that will satisfy the US government by limiting Huawei's potential access to sensitive military technology.

A shareholder meeting was originally scheduled for February 29, but was postponed until Friday, March 7. Today, 3Com said its pushing that date to March 21 in order to continue seeking alternatives with Bain and the US Committee on Foreign Investments. ®

Boost IT visibility and business value

More from The Register

next story
Pay to play: The hidden cost of software defined everything
Enter credit card details if you want that system you bought to actually be useful
HP busts out new ProLiant Gen9 servers
Think those are cool? Wait till you get a load of our racks
Shoot-em-up: Sony Online Entertainment hit by 'large scale DDoS attack'
Games disrupted as firm struggles to control network
Community chest: Storage firms need to pay open-source debts
Samba implementation? Time to get some devs on the job
Like condoms, data now comes in big and HUGE sizes
Linux Foundation lights a fire under storage devs with new conference
Silicon Valley jolted by magnitude 6.1 quake – its biggest in 25 years
Did the earth move for you at VMworld – oh, OK. It just did. A lot
prev story

Whitepapers

Gartner critical capabilities for enterprise endpoint backup
Learn why inSync received the highest overall rating from Druva and is the top choice for the mobile workforce.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.