3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

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Nov 4 10:50 AM EST

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To: David Semoreson who wrote (45504)	2/1/2006 3:56:57 PM
From: Sidney Street	Read Replies (2) of 45548

Huawei's not half owned by COMS; they have a jv of their own, as described at bottom of article (COMS is waiting for final word from Chinese gov. re: taking its interest in jv from 49 to 51 percent): >>>>> Nortel and Huawei expect to complete the formation of the joint venture in the third quarter of 2006. Joint development of products has already begun, with availability expected for all markets by the third quarter of 2006. The proposed joint venture is subject to execution of definitive agreements and customary regulatory approvals. In 2003, Huawei Technologies and 3Com (COMS:Nasdaq - commentary - research - Cramer's Take) formed a joint venture company, 3Com-Huawei, to focus on the R&D, production and sales of data networking products. >>>>>>

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