3 COM CP
			Symbol			COMS

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3Com Reports First Quarter Results for Fiscal 2009

2008-09-22 16:06 ET - News Release

Company Website: http://www.3com.com
MARLBOROUGH, Mass. -- (Business Wire)

3Com Corporation (NASDAQ: COMS) today reported financial results for its fiscal 2009 first quarter, which ended August 29, 2008. Revenue in the quarter was $342.7 million compared to revenue of $319.4 million in the corresponding period in fiscal 2008, a 7 percent increase.

Net income in the quarter was $79.8 million, or $0.20 per diluted share, compared with a net loss of $18.7 million, or $0.05 per share, in the first quarter of fiscal year 2008. In the first quarter of fiscal 2009, 3Com recorded a $70.0 million, or $0.17 per diluted share, benefit from the previously disclosed resolution of a patent dispute between the company and Realtek. On a non-GAAP basis, net income was $43.4 million, or $0.11 per diluted share, compared with net income of $12.2 million, or $0.03 per diluted share, for the first quarter of fiscal year 2008.

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