Security Vendor to IPO in 2007?

The word out on the grapevine is that a Tier 2 Enterprise Security vendor, which has its HQ on the west coast of the US, will very likely IPO in 2007. Its business is doing well in its home country and Europe, and plodding along in Asia-Pacific. Will they or won’t they? Stay tuned.

- The Editor, Track That

3Com To Buy Huawei’s 49% Stake in JV

MARLBOROUGH, Mass., Nov 28, 2006 (BUSINESS WIRE) — 3Com Corporation (NASDAQ: COMS) announced that it has agreed to buy Huawei Technologies’ 49 percent stake in Huawei-3Com (H3C) for $882 million, which represents an implied equity value of $1.8 billion. The transaction is subject to customary approval in the People’s Republic of China.

The agreement, which, upon closing, gives 3Com full ownership of H3C, was reached through a bid process established under the parties’ existing shareholders’ agreement that enabled either party to make cash bids to buy the other party’s shares in H3C. 3Com initiated the process with a bid on November 15, 2006; 3Com’s last bid was accepted by Huawei on November 27, 2006.

IBM to Acquire Vallent

ARMONK, NY – 28 Nov 2006: IBM (NYSE: IBM) today announced it has agreed to acquire Vallent Corporation, a privately held company based in Bellevue, Washington with more than 400 employees. Financial details were not disclosed. The acquisition is subject to regulatory approvals and is anticipated to close in the first quarter of the 2007 calendar year.

Vallent is a leading supplier of network performance monitoring and service management software for wireless service providers worldwide. Vallent’s software helps service providers manage the performance of their network infrastructure through monitoring and reporting problem areas such as dropped calls and traffic bottlenecks. It also helps operators improve wireless service quality and identify network problems before they impact a customer’s experience.

Palm Updates Q2 FY07 Guidance

In case you missed this:  SUNNYVALE, Calif., Nov 27, 2006 (BUSINESS WIRE) — Palm, Inc. (Nasdaq: PALM) updated financial guidance for the second quarter of fiscal year 2007, ending Dec. 1. Full results will be reported Dec. 19.Palm currently expects revenue to be in the range of $390 million to $395 million for the second quarter of fiscal year 2007. This compares with earlier guidance of $430 million to $450 million provided Sept. 21, when Palm reported its first quarter fiscal year 2007 results. The revenue shortfall is due primarily to a delay in completing the certification process for a product that the company had previously expected to ship within the quarter.

TM’S NINE MONTHS PROFIT BEFORE TAX UP 13% TO RM2.22 BILLION

Kuala Lumpur, Nov 28 2006: Telekom Malaysia Berhad (TM) announced its unaudited financial results for the third quarter and nine months ended 30 September 2006. For the nine months ended 30 September 2006, the Group posted a 13.0% increase in its Profit Before Tax (PBT) to RM2.22 billion as compared to RM1.97 billion recorded in the corresponding period last year.

The increase in profit was driven mainly by continued robust revenue growth of the Group’s overseas operations and Internet and multimedia which registered a year-on-year growth of 179.9% and 43.6% respectively. The Group’s revenue stood at RM11.99 billion, up 17.6% from the RM10.20 billion posted in the nine months ended September last year.