3Com Corp (738076) SEC Filing 10-K Annual report for the fiscal year ending Friday, June 3, 2005

Exhibit 99.1

FOR IMMEDIATE RELEASE

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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

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.