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HP Buys 3Com Corp For $2.7 Billion

Purchase of the computer networking systems maker will help expand Hewlett-Packard's switching operations and strengthen its position in China.

NEW YORK (AP) -- Hewlett-Packard will acquire 3Com Corp. in a deal valued at $2.7 billion.

The purchase of the maker of computer networking systems will help expand HP's switching operations and strengthen its position in China.

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