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3Com Corp (738076) SEC Filing 10-K Annual report for the fiscal year ending Friday, June 1, 2007

3Com Corp

CIK: 738076
 

Exhibit 99.1
(3COM LOGO)
FOR IMMEDIATE RELEASE
For more information contact:
         
Media & Investor Relations
  Media Relations
John Vincenzo
  Joseph Vukson
508.323.1260
  508.323.1228  
john_vincenzo@3com.com
  joseph_vukson@3com.com
 
       
Investor Relations
       
Staci Mortenson
       
ICR, Inc.
       
203-682-8273
       
Staci.mortenson@icrinc.com
       
3COM REPORTS FOURTH QUARTER AND ANNUAL FISCAL YEAR 2007 RESULTS
  GAAP revenue for the fourth quarter was approximately $311 million, a 22 percent increase over the prior year quarter’s GAAP revenue. GAAP revenue for the full year was $1.3 billion;
 
  GAAP operating loss in the quarter was $93 million, including $91 million in charges related to the closing of the H3C transaction;
 
  Non-GAAP operating profit was $12 million, which is the third consecutive quarter of non-GAAP operating profitability; and
 
  Cash flow from operations was $71 million for the quarter and $166 million for the fiscal year.
MARLBOROUGH, MASS. — June 28, 2007
— 3Com Corporation (NASDAQ: COMS) today reported consolidated financial results for its fourth quarter of fiscal year 2007, which ended June 1, 2007, including the results for its two operating segments, Secure, Converged Networking (SCN) and H3C.

 


The following information was filed by 3Com Corp on Thursday, June 28, 2007 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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