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3Com Corp (738076) SEC Filing 10-K Annual report for the fiscal year ending Friday, May 30, 2008

3Com Corp

CIK: 738076
Exhibit 99.1
(Logo)
FOR IMMEDIATE RELEASE
For more information contact:
         
Media & Investor Relations
  Media Relations
John Vincenzo
  Kevin Flanagan
508.323.1260
  508.323.1101
john_vincenzo@3com.com
  kevin_flanagan@3com.com
3COM REPORTS FOURTH QUARTER AND FULL-YEAR RESULTS FOR FISCAL 2008
MARLBOROUGH, MASS. — June 24, 2008
— 3Com Corporation (NASDAQ: COMS) today reported financial results for its fiscal 2008 fourth quarter, which ended May 30, 2008. Revenue in the quarter was $321.3 million compared to revenue of $310.9 million in the corresponding period in fiscal 2007, a 3 percent increase. For the full year, revenue was $1.29 billion compared to full-year fiscal 2007 revenue of $1.27 billion, an increase of 2 percent.
     “In FY08 we made progress in several key areas, including growing revenue year-over-year in almost every region, increasing our gross margins and generating cash from operations,” said 3Com CEO Bob Mao. “To build on these improvements, we must increasingly operate as one global enterprise. Integration of our worldwide operations will support our goals of profitable revenue growth and increasing market share, as well as result in cost savings.”

 


The following information was filed by 3Com Corp on Tuesday, June 24, 2008 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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SEC Filing Tools
CIK: 738076
Form Type: 10-K Annual Report
Accession Number: 0000950135-08-005146
Submitted to the SEC: Fri Jul 25 2008 5:29:22 PM EST
Accepted by the SEC: Fri Jul 25 2008
Period: Friday, May 30, 2008
Industry: Computer Communications Equipment

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