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3Com may sell HQ and other sites

Tue, 06/19/2001 - 8:00pm
Anne Kerven

3Com reportedly is selling part of its headquarters campus in Santa Clara, Calif., and intends to put several other facilities on the market.

The computer network equipment maker will sell its facility in Marlborough, Mass., and lease space after, CNet says. Also on the market are its Mount Prospect, Ill., plant. Employees will be transferred to 3Com's Rolling Meadows, Ill., location, the site of multiple layoffs in March.

Likewise its Singapore location will becomes its Asia-Pacific regional distribution Center, and include services and sales for its Singapore and South Asia areas.

The company reduced its workforce by 30 percent this year and in March, announced a $1 billion restructuring plan that included discontinuing its Net appliance projects.

3Com did not return calls by CEDaily's deadline.

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