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. Last Updated: 07/27/2016

IBM, 3Com to Share

ARMONK, New York -- IBM and networking company 3Com have unveiled an agreement to share access to networking and communications patents in a move that should help each speed its products to market.

The companies did not disclose financial details of Monday's cross-licensing pact, under which each will license the other to use patents in its field of interest. Industry observers valued the deal at up to $1 billion over five years. In recent months, IBM has struck similar deals with EMC and Dell Computer.

IBM and 3Com, the No. 2 computer networking company, said they have enjoyed a successful business and technology development relationship for more than seven years. Recently, IBM announced that 3Com would be using IBM's PowerPC 405GP technology to reduce "system-on-a-chip" design and development time.