3Com will cut 10% of its global workforce over the next two fiscal quarters. The decision will principally affect employment in the U.S. and the Europe/Middle East/Africa (EMEA) region, with the largest impact being felt at the company’s Santa Clara, California location. 3Com said it intends to increase its sales, marketing and customer service capabilities.
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- In May, 3Com announced plans to move its senior executive team from locations in California and Illinois to its Marlborough, Massachusetts facility, which is currently the principal location for its enterprise networking business.
In March 2003, 3Com and Huawei Technologies announced plans to form a joint venture based in Hong Kong with principal operations in Hangzhou, China.
Also in March 2003, 3Com agreed to sell its CommWorks division to UTStarcom for $100 million in cash. CommWorks supplies CDMA 2000 Packet Data Serving Nodes (PDSN), softswitches, media gateways, SIP proxy servers, SS7 signaling gateways, remote access servers (RAS) and unified messaging carrier applications.
