3Com Beats Sales Predictions - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

3Com Beats Sales Predictions

3Com Corp. posted smaller-than-expected losses for its fourth quarter, which ended June 2, while it continued the restructuring that led it to spin off the Palm personal digital assistant division.

For the fourth quarter, 3Com had revenue of $764 million, more than the $675 million to $750 million the company had forecast. It had an operating loss of $340 million, and a net loss of $146.8 million, or 42 cents a share, bettering average analyst predictions of a 44-cent-per-share loss. A year ago, before its restructuring, 3Com earned $87.5 million for the fourth quarter. For the year, 3Com had revenue of $4.3 billion and income of $6.7 million, compared with $5.2 billion in revenue last year.

In addition to the Palm spin-off, 3Com has dropped its analog modems and local and wide area network core chassis products. 3Com chairman and CEO Eric Benhamou credited two factors for better- than-expected performance: "The business arenas that we exited are declining sharply in revenue, and the high growth of our product lines, specifically those areas of wireless, IP telephony, and broadband technologies."

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
Slideshows
Data Science: How the Pandemic Has Affected 10 Popular Jobs
Cynthia Harvey, Freelance Journalist, InformationWeek,  9/9/2020
Commentary
The Growing Security Priority for DevOps and Cloud Migration
Joao-Pierre S. Ruth, Senior Writer,  9/3/2020
Commentary
Dark Side of AI: How to Make Artificial Intelligence Trustworthy
Guest Commentary, Guest Commentary,  9/15/2020
Register for InformationWeek Newsletters
Video
Current Issue
IT Automation Transforms Network Management
In this special report we will examine the layers of automation and orchestration in IT operations, and how they can provide high availability and greater scale for modern applications and business demands.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll