Thursday, October 04, 2007

U.S. defense contractor in Chinese-purchase deal

3Com makes 'intrusion prevention' technology maker for Pentagon, Huawei founder is ex-PLA officer

© 2007

The joint acquisition, announced yesterday, of 3Com, the U.S. computer networking group, by Bain Capital, the U.S. private equity firm and China's Huawei Technologies, a telecoms equipment maker, is being called "really worrisome" by a former Pentagon cybersecurity expert.

The $2.2 billion cash deal gives Bain an over 80-percent stake in 3Com and Huawei – pronounced 'wah-way' – just under 20 percent.

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