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3Com to acquire Lanworks for NICs

Today's breaking news
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Today's breaking news
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By Elinor Mills
IDG News Service, 3/20/98

3Com Corp. announced today it has acquired Toronto-based Lanworks Technologies, to use the company's PC network boot products to develop network interface cards (NIC) that provide desktop management capabilities.

The transaction, valued at $13 million, will be accounted for as a purchase, and 3Com will incur a charge of about $8.4 million for purchased in-process technology in its fourth fiscal quarter. Excluding the charge, the deal is not expected to materially impact 3Com's financial results, 3Com said in a statement.

Lanworks' BootWare products include client-side boot firmware and software, and server-side boot services and management applications. The technologies enable IS staff to automate initial PC configuration, operating system upgrades and disaster recovery, 3Com said.

RELATED LINKS

3Com articles and stock info.

Details of BootWare
from Lanworks' site.

More details of the buyout
from 3Com and Lanworks.

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