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by Brad Reese

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Huawei to 3Com: “I'll be back”

By Brad Reese on Fri, 02/29/08 - 12:22pm.

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I'll be back

Just like the famous Terminator character, giant Chinese networking powerhouse Huawei has told 3Com:

“I'll be back”

The Wall Street Journal reported today that Huawei and Bain Capital plan to resubmit an application seeking U.S. approval for their planned $2.2 billion buyout of 3Com within the next several weeks, according to people familiar with the matter.

3Com issued a press release that it will immediately adjourn today's shareholder meeting without taking a vote on the pending merger transaction.

The shareholders' meeting will be reconvened on Friday, March 7th 2008, hopefully, with a new merger proposal from Huawei and Bain Capital to submit for 3Com shareholder approval.

Do YOU think Huawei will get U.S. government approval to buy 3Com?

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About Brad Reese on Cisco

Brad Reese cofounded BradReese.Com Cisco Refurbished which offers one year warranties on Cisco Refurbished and Cisco Repair.

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