Early Bird Special (EBS)

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COMS-3Com reports second quarter results

Friday , December 17, 2004 08:36 ET

Dec 17, 2004 (M2 EQUITYBITES via COMTEX) --3Com Corporation (Nasdaq:COMS) has reported the financial results for its second quarter of fiscal year 2005 ended 26 November 2004.

The company reported revenues for the quarter of USD151m. Gross margins were USD53m, or 35% of revenues. Operating expenses were USD103m, including USD4m of restructuring charges.

Net loss for the quarter was USD49m, or USD0.13 per share, compared to a net loss of USD139m, or USD0.37 per share, for the second quarter of fiscal year 2004. The company ended the quarter with USD1.3bn in cash and short-term investments.

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