3Com withdraws buyout application
449947
3Com Corp. on Wednesday said it could not come to an agreement with federal authorities reviewing the national security implications of a proposed buyout by a private-equity firm and Chinese telecommunications company.
394409
The trend of merging network and security technologies continued today as 3Com (Quote, Chart) bought TippingPoint Technologies (Quote, Chart) for approximately $430 million, the companies said.
538092
A deal for Bain Capital Partners and China's Huawei Technologies to buy 3Com is on hold because the companies w...
677422
3Com Corp. COMS.O said on Monday it  would buy network security products maker TippingPoint  Technologies Inc. TPTI.O for about $430 million, as 3Com  expands its telecommunications equipment offerings to compete  better for large corporate customers.
128322
The contract is part of the computer giant's bid to wring more consulting dollars out of its printer business.
120095
Finland may withdraw a third  generation mobile network license from Suomen 3G, an operator  owned by Sweden's Tele2 TEL2b.ST, due to delays in building  the high-speed network, it said on Tuesday.
731399
MCI has reported a $3.4bn (Â£1.8bn) third-quarter loss due mainly to a write-off of the value of its assets. The company&#39;s efforts to recover from its bankruptcy are being hampered by stiff competition in
533174
The $2.3 billion arthritis drug is withdrawn from the market.
399284
RMC, the troubled UK building materials group, was swallowed up for Â£2.3bn yesterday by the world&#39;s third-biggest cement producer, Cemex of Mexico.
490754
XSTRATA saw its shares fall 1.4 per cent yesterday after the London-listed miner said it was taking its A$7.4 billion (Â£3.12bn) offer for Australiaâs WMC Resources hostile, following a rebuff from the WMC board last month.
326070
By The Orange County Register, Calif.  Dec. 19--Chipmaker Broadcom Corp. said it canceled more than $37 million  in stock options for three former employees after finding that they adjusted  the dates of the options to maximize their value.
416337
Xstrata yesterday threatened to withdraw its hostile Â£2.9 billion takeover offer for WMC if the Australian miner indicated it would dilute value by paying out up to A$1 billion in cash to shareholders.
671655
Business & money: Three lenders pull 'irresponsible' mortgages after Northern Rock comes under fire over similar deals
617532
Investment group Olivant said Monday it had withdrawn from the running to offer a rescue package for troubled British bank Northern Rock, shortly before the deadline expired for bids to be presented.
436441
IT services vendor LogicaCMG Plc's involvement in the mobile communications software space is over following the sale of its telecoms products division to a private equity group for 265m pounds ($348m) in cash.
595500
A deal for Bain Capital Partners and China&#39;s Huawei Technologies to buy 3Com is on hold because the companies were unable to come to agreement with the U.S. Committee on Foreign Investment in the United States (CFIUS) about&#160;security concerns.The three companies have withdrawn their joint filing with CFIUS, although they remain committed to continued discussions, they announced Wednesday.The proposed $2.2 billion deal, announced in September, raised security concerns because of networking giant Huawei&#39;s close ties with the Chinese government. Under the proposed deal, Bain would have gotten an 83.5 percent stake in 3Com and Chinese networking giant Huawei Technologies would have gotten the remaining piece. CFIUS, part of the U.S. Department of Treasury, is investigating whether the investment by Huawei poses a risk to U.S. national security after Bain voluntarily submitted the deal for review in October.&quot;We are very disappointed that we were unable to reach a mitigation agreement with CFIUS for this transaction,&quot; Edgar Masri, president and CEO of 3Com, said in a statement. &quot;While we work closely with Bain Capital Partners and Huawei to construct alternatives that would address CFIUS&#39; concerns, we will continue to execute our strategy to build a global networking leader.&quot;Among the critics of the deal was U.S. Representative Thaddeus McCotter, a Michigan Republican. Huawei&#39;s stake in 3Com, which markets intrusion detection systems, would &quot;gravely compromise&quot; U.S. national security, he said in a House floor speech in October. The U.S. Department of Defense uses 3Com intrusion detection products, and Chinese hackers have targeted the agency, McCotter said.The companies had argued that Bain Capital, based in Boston, would have a controlling interest in 3Com. &quot;Bain Capital will be able to make all operational decisions for the company, to set budgets, to spend money, to make investments, and to hire and fire personnel,&quot; 3Com said in an October filing with the U.S. Securities and Exchange Commission. &quot;Huawei will not have any control over the operation of the business.&quot;
208598
MARLBOROUGH, Mass. -- 3Com Corp. posted a narrower net loss in its latest quarter amid a sharp drop in operating expenses. For the fiscal first quarter ended Aug. 27, the maker of computer-networking equipment