Hewlett-Packard has agreed to acquire networking giant and former high flyer 3Com in a deal worth $2.7 billion. HP (HPQ) is down .45 to $49.55 in after-hours trading; 3COM (COMS) is up $1.97 or nearly 35% to $7.66.

Microsoft Corp. and HP today announced a joint initiative that will enable value-added resellers (VARs) to benefit from a software-plus-services business model by providing new revenue streams and helping them become strategic advisors to their clients.

Wal-Mart's been advertising this Saturday Special for a few days, and the special is limited to today, November 8th, while supplies last. The deal sounds attractive, a Compaq Presario CQ50-139WM laptop, 15.4" screen, 160 GB HD, 2 GB RAM for $298. However, nowhere can I find detailed specs on the laptop, which annoys me.

HP announced a software and hardware storage virtualization solution that enables enterprises to improve productivity, simplify operations and achieve lower total cost of ownership for their storage-area network (SAN) environments.

You'll recall HP unveiled the 2133 Mini-Note PC in April, and they've apparently been pleased --- despite the influx of others to the netbook party --- with the results. On Wednesday they unveiled a new line of netbooks.

HP today unveiled renewable energy initiatives in its facilities, research and products to support a new goal to double the company’s global purchases of renewable power from under 4 percent in 2008 to 8 percent by 2012.

EDS, an HP company, and global medical device company ConvaTec today announced they have signed a $95 million information technology (IT) services agreement.

According to Gartner Inc.'s preliminary Q3 report on worldwide PC shipments, Apple's U.S. market share has nearly reached double-digits, at 9.5%, up from 7.7% last year (a 29.4% increase). Meanwhile, worldwide shipments reached 80.6 million units in the quarter, a 15% increase from last year.

EDS, an HP company, today announced that it has signed an agreement with Posten, one of the Nordic region’s largest messaging and logistics operators, to host the company’s end-user computing environment. The contract will begin in July 2009. Financial terms were not disclosed.

HP today announced it has qualified all business PC, printing and server products shipped throughout the United States and Canada for the U.S. Environmental Protection Agency’s (EPA) SmartWay logo labeling program that aims to reduce the fuel consumption, greenhouse gases and other air emissions of surface transportation carriers.

HP, Intel Corporation and Yahoo! Inc. (Nasdaq: YHOO) today announced the creation of a global, multi-data center, open source test bed for the advancement of cloud computing research and education.

HP today announced that the latest HP TouchSmart PCs – the only touch-enabled, all-in-one PCs in the marketplace – are now available through consumer electronics retailers nationwide.