Exhibit 99.1

 

 

FOR IMMEDIATE RELEASE

 

For more information contact:

 

Investor Relations

 

Media Relations

Ciel Caldwell

 

Joseph Vukson

508.323.1198

 

508.323.1228

ciel_caldwell@3com.com

 

joseph_vukson@3com.com

 

3COM REPORTS FISCAL Q4 RESULTS

Records Sequential Revenue Gains Across All Regions

 

Fourth Quarter Highlights

 

      Revenue of $177 million, up 10 percent sequentially;

      Americas revenue increased 20 percent, Asia Pacific revenue grew 6 percent and EMEA revenue grew 2 percent over the third fiscal quarter; and

      Enterprise networking products revenue of $164 million grew 11 percent sequentially, driven by a full quarter of TippingPoint product sales and strong double-digit growth in voice and wireless.

 

MARLBOROUGH, Mass. – June 29, 2005

– 3Com Corporation (NASDAQ: COMS) today reported financial results for its fourth quarter of fiscal year 2005 ended June 3, 2005.

 

Revenue for the quarter was $177 million. Gross profit was $62 million, or 35 percent of revenue.  Operating expenses were $125 million, including $8 million in restructuring charges and $4 million in amortization.  This resulted in a net loss of $58 million, or $0.15 per share.  This compares to a net loss of $53 million or $0.14 per share in the third quarter of fiscal year 2005, and $19 million, or $0.05 per share, for the fourth quarter of fiscal year 2004.

 

The company ended the quarter with $844 million in cash, cash equivalents and short-term investments.

 


The following information was filed by 3Com Corp on Wednesday, June 29, 2005 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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