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Exhibit 99.1
FOR IMMEDIATE RELEASE
For more information contact:
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Investor Relations |
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Media Relations |
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Ciel Caldwell |
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Joseph Vukson |
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508.323.1198 |
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508.323.1228 |
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ciel_caldwell@3com.com |
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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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CIK: 738076
Form Type: 10-K Annual Report
Accession Number: 0000738076-05-000011
Submitted to the SEC: Fri Aug 05 2005 5:00:35 PM EST
Accepted by the SEC: Fri Aug 05 2005
Period: Friday, June 3, 2005
Industry: Computer Communications Equipment
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