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3Com: Companies
built 633 days ago
Before joining 3Com in 2001, Behbehani helped launch several companies in the high technology sector. He was the founder and CEO of ioWave, one of the first wireless infrastructure vendors to implement synchronous code division multiple access (CDMA) products for wireless local area networks (WLAN) and wireless broadband deployments. Earlier, Behbehani worked on Latin American telecommunications deregulation and privatization projects. In the early 1990s, he advised multinational telecom companies, financial institutions, and government agencies on satellite communications, spectrum allocation, and deployment of broadband services.
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In extended trading, 3Com shares surged 15 percent to more than $16 per share. 3Com closed at $13.94, down 6 cents, during regular trading. (Though below its high of more than $25 in March, 3Com shares -- based on its close during regular trading -- are up 143 percent the past 12 months. Despite problems with its core business, the company has benefited from the glow of Palm Inc., its recently spun off handheld computer unit.)
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In 1999 3Com acquired NBX, a Boston company with an Ethernet-based phone system for small and medium sized businesses. This product proved popular with 3Com's existing distribution channel and saw rapid growth and adoption. As one of the first companies to deliver a complete networked phone system, and increased its distribution channel with larger telephony partners such as Southwestern Bell and Metropark Communications, 3Com helped make VoIP into a safe and practical technology with wide adoption.
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Benhamou said 3Com should actually turn a profit next quarter because of one-time gains. It just sold a piece of land along Highway 237 for $40 million to Palm, which it spun off during the quarter. 3Com ... plans to sell stock in some of its portfolio of nearly 50 firms. The company owns 22 percent of OmniSky, for instance, a wireless Internet firm that went public last week with a market value of $1.5 billion.
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Under 3Com's program, researchers will sign up for an account on the ZDI's portal site, which will launch on August 15. Vulnerabilities submitted to the company through the portal will be evaluated and the company will then make an offer to the flaw finder. If the researcher accepts the offer, then 3Com will own exclusive rights to the information.
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A spokeswoman confirmed today that the meeting was postponed until 8 a.m. March 7, after 3Com issued a statement that the company is continuing to work with Bain to "construct alternatives" to the concerns raised by the CFIUS. The committee has raised national security questions regarding the investment by Huawei, which is based in Shenzhen, China, and has close ties to the Chinese government.
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