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Updated Monday, October 1, 2007 0:00 am TWN, AP

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Bain Capital units to buy 3Com for US$2.2 billion

BOSTON -- 3Com Corp., a maker of networking hardware and software, will be sold to affiliates of private equity firm Bain Capital Partners LLC for US$2.2 billion and taken private, 3Com said Friday.

The cash deal also gives China’s Huawei Technologies a minority stake in 3Com that the American company hopes will improve its growth prospects in Asia.

By going private, 3Com hopes to free itself from markets’ short-term financial expectations, Edgar Masri, president and chief executive of Marlborough, Massachusetts-based 3Com, told analysts in a conference call.

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