3Com has abandoned a nine month old joint venture with Siemens to develop local area network telephony products, claiming it can achieve the same objectives without a formal relationship.
Unveiled last December, the co-owned joint venture was expected to provide both partners with a lead in the emerging LAN telephony sector, which is expected to become a multi-billion dollar market within three years (see Newswire 10 December, 1998).
The operation was to have delivered voice and data Lan gateways and Ethernet phones and adapters for businesses of all sizes.
It was to have received investment of $100 million and employed a staff of 200.
In a statement, 3Com said it had expanded its strategic relationship with Siemens in the last year to include a worldwide selling agreement and the current collaboration was “sufficient to meet our goals”.
Siemens is a global systems integrator for 3Com and the two companies carry out joint development and activities in the enterprise and carrier markets.
Siemens and 3Com enjoyed an 18 month strategic alliance, prior to announcing plans to formalise their involvement.
Siemens officials were not available for comment.
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