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3COM REPORTS FOURTH QUARTER AND ANNUAL FISCAL YEAR 2006 RESULTS
Delivers Continued Year-over-Year Improvements in Bottom-Line Performance; Announces Focused Business Restructuring
Fourth Quarter Highlights
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GAAP loss per share was $0.04 in the fourth quarter, improved from a $0.15 loss per share in the prior-year quarter; and |
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GAAP revenue for the fourth quarter was $255 million, a 44 percent increase over the prior-year quarter; Pro forma consolidated revenue for the fourth quarter of fiscal 2006 (assuming consolidation of the Huawei-3Com joint venture from the beginning of the period) was $304 million, a 22 percent increase over the prior-year quarter. |
MARLBOROUGH, MASS. June 28, 2006 3Com Corporation (NASDAQ: COMS) today reported financial results for its fourth quarter and fiscal year-ended June 2, 2006. Starting with this reporting period 3Com is consolidating the results of its Huawei-3Com joint venture (H-3C) effective from the date that it became a majority-owned subsidiary. Specifically, 3Coms results for the fourth quarter consolidate H-3Cs performance for the period of February 1, 2006 through March 31, 2006; the January 2006 results of H-3C were reported on the equity method consistent with prior period reporting1. This period
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1H-3C is on a calendar reporting schedule (a two month difference from 3Coms fiscal reporting schedule). The two month time lag will continue as 3Com consolidates future H-3C results.
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3Com Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2006 10-K Annual Report includes:
Material Contracts, Statements, Certifications & more
3Com Corp provided additional information to their SEC Filing as exhibits
CIK: 738076
Form Type: 10-K Annual Report
Accession Number: 0000950135-06-004986
Submitted to the SEC: Fri Aug 11 2006 4:22:08 PM EST
Accepted by the SEC: Fri Aug 11 2006
Period: Friday, June 2, 2006
Industry: Computer Communications Equipment