Well, sort of. HP is acquiring 3COM - for its networking expertise - but it has VoIP products as well. These are mostly higher end switches and gateways but it also sells IP communications software and controls, VoIP phones and enterprise class VoIP solutions and even unified communications. So while it isn't the market leader, it isn't chopped liver either. These products are clearly just going to slot into HP's existing enterprise server and communications families and frankly, they may even get divested.
However, HP is very much one of the last remaining 'a bit of everything' success stories. It has solutions nearly everywhere. It has a great track record in technology and innovation. It has very good sales teams. And it has serious aspirations at the consumer end of the chain. It isn't beyond the realm of possibility that HP might decide to leverage the 3COM technology to go after it's bread-and-butter market at teh small and medium sized business end of the chain. And given HP's recent announcements about having an approach that covers the whole spectrum of solutions for its customers, this might even be likely. It would be kind of cool to see what a real consumer tech company like HP could do with a VoIP desk phone.
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