Feeds

3Com loses $518m in Q4

Might be profitable in Q4 next year, but it's 'risky'

  • alert
  • submit to reddit

Top three mobile application threats

3Com recorded a net loss of $518 million for its Q4; well up on the $147 million it lost in Q4 last year.

Sales dropped to $468 million from $764 million a year earlier.

On an operating basis the loss was $206 million.

But chief exec Bruce Claflin restated he still expects 3Com to achieve positive cash flow from operations in Q2 fiscal 2002, and profit from operations by the fourth quarter.

But in a conference call yesterday he said there was "a greater risk" of not making these targets than there was when they'd been set three months ago.

This year the company has announced plans to shed 3,000 workers, scrap consumer DSL cable modems, and ditch its net appliance Audrey. ®

Related Stories

3Com abandons consumer DSL, cable modems
3Com cans 3,000 workers
3Com jilts Audrey

3 Big data security analytics techniques

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.