IBM to Buy Sterling Commerce

IBM plans to acquire Sterling Commerce from AT&T for $1.4 billion in cash — a deal that Big Blue is betting will augment its capabilities in software integration and other key areas. “The addition of Sterling to IBM will substantially advance our ability to help clients to create more agile business networks,” Craig Hayman, general…

HP Buys 3Com for $2.7 billion

Computer services and hardware giant HP just got bigger. The company announced today it plans to buy networking player 3Com in a $2.7B deal that aims to turn HP into a forced to be reckoned with in networking. HP will pay $7.90 per share of 3COM. A premium above today’s close of $5.69. The purchase…