No Way, Huawei Gordon G. Chang
On Friday, 3Com announced that it had agreed to be acquired. Bain Capital, the Boston-based private-equity firm, will take about 80 percent of the struggling computer networking pioneer. China’s Huawei Technologies is slated to purchase the remaining portion.
The deal faces a national security review in Washington by the Committee on Foreign Investments in the United States. CIFUS should turn down the proposed transaction on general principles. Huawei, which Newsweek once described as “a little too obsessed with acquiring advanced technology,” should not be allowed to make any sizable acquisition of sensitive American assets.
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