June 12, 1997: 3COM, US Robotics Complete Merger
1997 – Back in February, it was announced that US Robotics be acquired by 3Com Corporation in a $6.6 billion stock swap. This would add to 3Com’s computer networking company against Cisco as they would become the second largest networking company.
The merger did go through a series of corporate evaluations before the shareholders agreed to the merger.
Eventually, Hewlett-Packard acquired 3Com in 2010 and the companies products were merged into the HP name.
Full Day in Tech History podcast show notes for June 11
- Swiss Army Knife is patented
- Mr. Wizzard passes away
- First 500,000 watt power radio station – W8XAR – begins tests