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Mergers & Acquisitions

Mar. 25, 2003

3Com Trades CommWorks for $100 Million

3Com Corp. of Santa Clara will sell its CommWorks telecommunications equipment division to UTStarcom Inc. for $100 million cash.

By Toni Vranjes
        3Com Corp. of Santa Clara will sell its CommWorks telecommunications equipment division to UTStarcom Inc. for $100 million cash.
        The deal, signed earlier this month, is scheduled to close by the end of May.
        The sale reflects a restructu...

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