Feeds

Losses narrow at 3Com

Gain after pain

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

3Com has reported narrowed losses with the announcement of its Q2 results, which show its restructuring plan is on track.

The networking firm reported a net loss for the quarter of $104m on revenues of $394 million. This compares to a net loss of $129m on revenues of $390 million in Q1.

Operating expenses, which include amortization and write-down of intangibles and restructuring charges, were $231 million, an improvement of $76 million sequentially. 3Com's annual expenditure is now $865 million less than it was a year ago.

Looking ahead, 3Com said Q3 revenues are likely to be down between five to 10 per cent on Q2 with Q4 revenues roughly matching those in Q2.

During the past year 3Com has shed 6,000 jobs, almost half its workforce and exited several unprofitable business areas, including the fledgling Internet appliance market and the consumer broadband-modem business.

3Com is now focusing its business on the telco market, through its CommWorks unit, the enterprise networking market (3Com's Business Networks Company) and a business connectivity company, which supplies NICs and the like.

The firm reports that it has achieved "positive cash flow" from its remaining operations ®

Internet Security Threat Report 2014

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Managing SSL certificates with ease
The lack of operational efficiencies and compliance pitfalls associated with poor SSL certificate management, and how the right SSL certificate management tool can help.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.