3Com Up on Alliance With Broadcom - TheStreet

Networking company

3Com

(COMS)

was up 3.3% in preopen

Island

trading after announcing a deal with

Broadcom

(BRCM)

that will accelerate the deployment of high-speed Gigabit Ethernet. Broadcom, a communications chipmaker, was up 0.3%. 3Com, which is already a shareholder in Broadcom, issued Broadcom a warrant to acquire up to 7.1 million shares of 3Com.