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Technology Stocks : 3Com Corporation (COMS)

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To: Daniel Simon who wrote (45533)	10/3/2007 12:01:02 PM
From: Peter Dierks	of 45548

Merger opens U.S. defense to China By Bill Gertz October 3, 2007 A Chinese company with ties to Beijing's military and past links to Saddam Hussein's army in Iraq and the Taliban will gain access to U.S. defense-network technology under a proposed merger, Pentagon officials say. Huawei Technologies will merge with the Massachusetts-based 3Com network-equipment manufacturer in a deal announced last week. Huawei has been linked to the U.N. oil-for-food scandal, which involved millions of dollars in payoffs to Saddam's regime during a time of U.N. sanctions. The announced merger follows a July computer attack on the Pentagon that U.S. intelligence officials say involved Chinese military hackers. The hackers were detected breaking into Pentagon computers, including an e-mail system close to Defense Secretary Robert M. Gates. "Huawei is up to its eyeballs with the Chinese military," said a defense official concerned about the deal. Huawei was founded in 1988 by a Chinese military officer and got its start building military communications networks. A second official said the deal comes as the Pentagon has mounted an aggressive effort to thwart large numbers of computer intrusions from Chinese hackers and spies. "And now we are proposing to sell the PLA a key to our front door. This is a very dangerous trend," the official said, referring to the People's Liberation Army, as the Chinese military is called. 3Com announced Friday the $2.2 billion merger with Bain Capital Partners LLC and noted in a statement that Huawei Technologies will acquire a minority interest and "become a commercial and strategic partner of 3Com." Rep. Duncan Hunter, California Republican and ranking member of the House Armed Services Committee, said he is worried the deal will lead to the loss of sensitive technology to China.< Entire article: washingtontimes.com From: Ann Corrigan Read Replies (1) of 16086

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