LightReading is reporting that several bidders are interested in 3Com Corporation (NDAQ:COMS), driving the stock up over 3% in today's trading. According to the article, interested parties may include Nortel Networks (NYSE:NT), Juniper Networks (NDAQ:JNPR), and a range of private equity players. The Wall Street Journal reported awhile back that these private equity players were interested in 3Com's assets - players including Texas Pacific Group, Bain Capital, and Silver Lake Partners. These parties are not only interested in 3Com itself, but also their majority ownership of Huawei - a strong player in Asia. With all of these parties interested in a piece of 3Com, there is potential for a bidding war, which typically results in high buyout premiums. This makes COMS a stock worth watching closely as this situation unfolds!

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