Feeds

3Com misses the bar in Q1

Sales up, but not enough for Wall St

Secure remote control for conventional and virtual desktops

3Com fell short of Wall Street’s expectations when it unveiled its third quarter results yesterday.

The networking vendor turned in revenues of $300m, up 69 per cent on the year, but short of the $314m analysts were looking for. The figures were pumped up by the inclusion of figures from its Huawei-3Com joint venture, but the company also said pro forma revenues were up 16 per cent.

Operating losses were $20.9m, compared to the previous year’s $46.7m loss. Net losses were $14m, compared to a $42m shortfall the previous year. This resulted in a loss per share of $0.04, including a $0.04 charge for restructuring amortization and stock-based compensation expenses. Wall Street had been expecting a $0.01 loss per share.

Despite missing Wall Street’s expectations, 3Com pres and CEO Edgar Masri, said he was “pleased” with the figures, particularly the Huwaei and 3Com joint venture and expense control in its Secure Converged Networking business.

Masri said its networking, security, voice and services businesses all grew year on year, but the company needed to “bring a level of consistency to all areas of our business so each group increases sales and profitability.”®

Beginner's guide to SSL certificates

More from The Register

next story
NSA SOURCE CODE LEAK: Information slurp tools to appear online
Now you can run your own intelligence agency
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
Cloud unicorns are extinct so DiData cloud mess was YOUR fault
Applications need to be built to handle TITSUP incidents
Stop the IoT revolution! We need to figure out packet sizes first
Researchers test 802.15.4 and find we know nuh-think! about large scale sensor network ops
Turnbull should spare us all airline-magazine-grade cloud hype
Box-hugger is not a dirty word, Minister. Box-huggers make the cloud WORK
SanDisk vows: We'll have a 16TB SSD WHOPPER by 2016
Flash WORM has a serious use for archived photos and videos
Astro-boffins start opening universe simulation data
Got a supercomputer? Want to simulate a universe? Here you go
Microsoft adds video offering to Office 365. Oh NOES, you'll need Adobe Flash
Lovely presentations... but not on your Flash-hating mobe
prev story

Whitepapers

Free virtual appliance for wire data analytics
The ExtraHop Discovery Edition is a free virtual appliance will help you to discover the performance of your applications across the network, web, VDI, database, and storage tiers.
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.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
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?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.