Abet Chichi2

[tomtomboombang]

3Com misses by $0.02, light on revs; guides for Q3 (COMS) Reports Q2 (Nov) loss of $0.13 per share, $0.02 worse than the Reuters Estimates consensus of ($0.11); revenues fell 6.9% year/year to $151.1 mln vs the $155.3 mln consensus. In Q3, co expect revenues from desktop, mobile and server connectivity products to decline sequentially between 15-25%; decline should be offset by modest sequential growth in revenue from enterprise networking products. Overall, co expects total company revs to be approximately flat sequentially, Reuters consensus is $158.4. In Q3, co expects the gross margins to be approx 35% and to operate with sales and marketing, research and development, and general and administrative expenses in the mid $90 millions