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标题: 【关注】小拉帮你解析3COM最新季度财报 [查看完整版帖子] [打印本页]
时间: 2006-12-27 00:23
作者: lalalalala
标题: 【关注】小拉帮你解析3COM最新季度财报
H3C已经全部归属3COM了，大家都很关系以后的走势怎样。刚好最新的3COM季度财报出来了，小拉根据学校学到的财务知识给大家分析分析，看看H3C以后的发展如何。
也请大家提出宝贵意见。
收入：3COM截至12月1日本季度总共收入3.33亿美金，其中H3C为1.9亿美金，SCN（原3COM)为1.66亿美金，然后再减去两者的关联交易0.238亿美金（主要是算了两次，所以要减去一次），最后总共收入3.33亿美金，比上个季度3亿美金增加了18％。
H3C截至9月1日季度收入为1.9亿美金(主要是跟3COM财年不一致导致统计日期不同），比上个季度的1.7亿美金收入增加了11％，看来是稳步上升，但不知道以后的发展趋势如何。
SCN（原3COM)季度收入为1.66亿美金，比上个季度的1.55亿美金增加了7.3%，也在慢慢的增长，但是否
能够保持，并且减少亏损是个关键。
利润：3COM截至12月1日本季度总共亏损了350万美元，其中H3C盈利了3056万美元，SCN亏损了1910万美元，
减去属于华为的收益（当时H3C还是合资，所以华为的利润必须扣除）1497万美元
H3C本季度盈利了3056万美元，比上个季度的1825万美元增长了1600万美金，在销售额增加不大的情况下，
增长率高达87％，看来H3C已经由注重销售额变为注重利润，这是一个由粗放型到精细型管理的转变
SCN（原3COM)季度亏损为1910万美金，比上个季度的亏损2337万美金减少了一些，看来3COM目前开展的缩减费用，精简人员的工作还需要更加努力，任重而道远。
收购：3com本次收购共花费了8.82亿美金，其中5亿美元是从香港的银行贷款，其他的3.82亿美金是从自己的现金支付的，而现在3COM共有8.69亿美金的现金和短期存款，看来以前传言的3COM只剩下3000万的传言不实，建议3COM把H3C独立上市，重新在股市融资来
获取以后发展的资金。
销售地域分布：中国销售额为1.58亿美金，北美0.55亿美金，欧洲0.7亿美金，拉美0.2亿美金，远东0.28亿美金，从上面可以看出来，中国仍然是3com最重要的地方，也是H3C的主战场，因此这个市场非常的重要。H3C经过3年的艰苦奋斗才联手华为，在中国跟思科打个平手。当3com收购之后，面对众多的竞争厂家（包括华为），以及自己原本优势的行业由于收购导致（例如政务网等）的逐步丧失，还有华为是否继续OEM H3C的产品，都是目前H3C必须面对的严峻形式。
销售产品分布：网络产品2.72亿美金，安全产品0.32亿美金，语音0.16亿美金，其他的很少。看来主网络产品
依然是3COM的销售主力。从中无法看出H3C的各个产品的销售情况，但是注意到3com主推安全产品，就可以看到H3C一直发展的安全，语音，存储，视频监控等的发展仍然非常的缓慢。
未来：H3C的发展目前的形式是好的，但是以后存在着很大的变数，主要是中国市场的变化，跟华为的关系，跟3COM的融合，对于员工是否有很好的激励措施等等。下个季度就是3COM收购H3C之后的第一个季度，到时候让我们试目以待。
本文引用的数据都来源于3COM的网站，但本文不保证上面的数据的正确性。
http://phx.corporate-ir.net/phoenix.zhtml?c=61382&p=irol-newsArticle&ID=944003&highlight=
[此贴子已经被作者于2006-12-27 0:27:14编辑过]
时间: 2006-12-27 00:24
作者: lalalalala
原文
3Com Reports Second Quarter Fiscal Year 2007 Results
Gives High-Level Overview of Financing Plans to Acquire 100
Percent of Joint Venture
MARLBOROUGH, Mass.--(BUSINESS WIRE)--Dec. 20, 2006--3Com Corporation (NASDAQ: COMS):
Second Quarter Highlights
-- GAAP revenue for the second quarter was $333 million, an 81
percent increase over the prior-year quarter; and an 18
percent increase over the prior year quarter's non-GAAP
revenue, assuming the consolidation of Huawei-3Com (H3C) from
the beginning of the period;
-- GAAP loss per share was $0.01 in the second quarter, as
compared to a $0.03 loss per share in the prior-year quarter
that included a benefit from a foreign tax settlement of $0.06
per share;
-- Reduced SCN operating expenses dropped by $27 million
year-over-year; and
-- Agreed to buy Huawei Technologies' 49 percent stake in H3C for
$882 million.
3Com Corporation (NASDAQ: COMS) today reported consolidated financial results for its second quarter of fiscal year 2007, which ended December 1, 2006, including the results for its two operating segments, Secure, Converged Networking (SCN) and H3C.
Revenue
U.S. Generally Accepted Accounting Principles (GAAP) revenue for the second quarter of fiscal 2007 was $333 million, an 81 percent increase compared to same period in fiscal 2006. This growth is primarily the result of the inclusion of H3C revenue in the current period. Compared to non-GAAP revenue for the prior-year period, which includes the results of H3C as if it had been consolidated from the beginning of the prior-year period, 3Com's revenue grew 18 percent. In both cases, the overall growth was offset partially by year-over-year declines in SCN revenue.
Gross Profit, Operating Expense and Operating Loss - GAAP Basis
3Com's gross profit for the second quarter of fiscal 2007 was $150 million, or 45 percent of revenue, which is a five percentage point improvement compared to the prior-year quarter, driven primarily by the inclusion of H3C results in the current period results. Second quarter fiscal 2007 operating expenses were $160 million, which includes a $27 million reduction in expenses for the SCN segment compared to the year-ago period. This resulted in an operating loss of $9 million. This compares to a $42 million operating loss in the second quarter of fiscal 2006. The $33 million improvement comprises $12 million due to reduced operating loss in the SCN segment and $21 million of operating income from H3C's results.
Non-GAAP Operating Income(1)
The second quarter fiscal 2007 non-GAAP operating income was $10 million, a $40 million improvement compared to the prior-year quarter's non-GAAP operating loss of $30 million. GAAP operating loss improved less than non-GAAP operating loss due to the inclusion of increased amortization expenses for the January 2006 3Com acquisition of two percent of the shares in H3C from Huawei, and the inclusion of stock-based compensation expense under FAS 123R, which are included in GAAP results for the current period.
Net Loss and EPS - GAAP basis
The second quarter fiscal 2007 net loss was $4 million, or $0.01 per share, including restructuring, amortization and stock-based compensation expense of $20 million, or $0.05 per share. In the same period of the prior year, the net loss was $11 million, or $0.03 per share, including restructuring, amortization and stock-based compensation expense of $12 million, or $0.03 per share(2). The prior-year quarter also included a benefit of $24 million or $0.06 per share, resulting from a foreign tax settlement.
"In our second fiscal quarter, we continued to show excellent progress in both the H3C and SCN operating segments of our business, delivering on one of our key milestones - non-GAAP operating profitability," said Edgar Masri, 3Com's President and Chief Executive Officer. "Companies that will be successful on a global scale must find new and innovative ways to tap into fast growing economies such as the one in China and other emerging markets. Through H3C and our improving SCN segment, we believe we have the building blocks necessary to create a global technology leader. We must now focus on successfully integrating the best-in-class approaches from both H3C and 3Com to build on this positive momentum and create a sustainable, growing and profitable business."
Cash and Short-Term Securities
3Com ended the quarter with $869 million in cash, cash equivalents and short-term investments, including the consolidated cash, cash equivalents and short-term investments of H3C, which totaled $132 million. The net decrease of $47 million from the balance at the end of the previous quarter is due in large part to a capital distribution from H3C to its shareholders, which resulted in a decline in 3Com's consolidated cash balance of $41 million for Huawei's share of the distribution.
Financing the H3C Acquisition
On November 28, 2006, 3Com announced that it agreed to buy Huawei Technologies' 49 percent stake in H3C for $882 million, which represents an implied equity value of $1.8 billion. The acquisition is subject to customary approval in the People's Republic of China. To fund the purchase price, 3Com has secured committed financing from its international banking partner, subject to customary funding conditions, for up to $500 million in Hong Kong-based senior secured bank debt. The remainder of the payment will come from the cash and short-term investments on 3Com's balance sheet.
Conference Call
Management will host a conference call and webcast at 5 p.m. EST today to discuss quarterly highlights, historical financial results and expectations of future performance. To participate on the call, U.S. and international parties may dial (913) 981-4902. Alternatively, interested parties may listen to the live broadcast of the call over the Internet at 3Com's Investor Relations Web site (www.3com.com/investor) in the Earnings webcast section.
Safe Harbor
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including forward-looking statements regarding our goal to create a global technology leader and build a growing and profitable business, approvals required for our announced acquisition to acquire Huawei's 49% ownership interest in H3C, our bank commitment to finance such acquisition and our intent to use bank funds and existing cash to fund such acquisition. These statements are neither promises nor guarantees, but involve risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements, including, without limitation, risks relating to: our ability to return to profitability in light of significant historical net losses; our ability to respond effectively to increased competition; our ability to compensate for lower sales or cash outlays with cost reductions sufficient to generate positive net income or cash flow; the consequences of expense reduction; our dependence on our joint venture in China (H3C); economic, political and social events in China; H3C's dependence on Huawei; our ability to hire and retain qualified personnel, including at H3C; our ability to successfully transition to 100% ownership of H3C and leverage the benefits such ownership can provide; our ability to evolve our financial and managerial control and systems, including those at H3C; competition with Huawei; our ability to consummate our announced transaction with Huawei to purchase additional interest in H3C and finance it on favorable terms; our ability to identify and respond to market trends; our ability to use strategic alliances; the success of our outsourcing strategy; the market acceptance of our products and the inclusion of our technology in industry standards; our focus on enterprise networking and fluctuating results based on conditions in that market; our reliance on a small number of resellers; distributors reducing inventories of our products; our ability to successfully develop relationships with system integrators, service providers and enterprise VARs; the success of acquisitions; our ability to manage our supply chain; the ability of our manufacturing outsourcing strategy to meet cost, quality and performance standards; China's reforms and changing economic environment; uncertainty with respect to China's legal system; possible reduction in Chinese tax benefits; restrictions on H3C paying dividends; our ability to maintain effective internal controls that include H3C; currency rate fluctuations; Huawei's minority rights in our H3C venture; intellectual property rights, enforcement and defense; stock price volatility; anti-takeover provisions; and other risks detailed in the Company's filings with the SEC, including those discussed in the Company's quarterly report filed with the SEC on Form 10-Q for the quarter ended September 1, 2006.
3Com Corporation does not intend, and disclaims any obligation, to update any forward-looking information contained in this release or with respect to the announcements described herein.
References to the financial information included in this press release and the related conference call reflect rounded numbers and should be considered approximate values.
About 3Com Corporation
3Com Corporation (NASDAQ: COMS) is a leading provider of secure, converged voice and data networking solutions for enterprises of all sizes. 3Com offers a broad line of innovative products backed by world class sales, service and support, which excel at delivering business value for its customers. Through its TippingPoint division, 3Com is the leading provider of network-based intrusion prevention systems that deliver in-depth application protection, infrastructure protection, and performance protection. 3Com also is the majority owner of Huawei-3Com Co., Ltd. (H3C), a China-based joint venture formed by 3Com and Huawei in November 2003. H3C brings innovative and cost-effective product development and manufacturing and a strong footprint in one of the world's most dynamic markets. For further information, please visit www.3com.com, or the press site www.3com.com/pressbox.
Copyright (C) 2006 3Com Corporation. 3Com and the 3Com logo are registered trademarks and TippingPoint is a trademark of 3Com Corporation. All other company and product names may be trademarks of their respective holders.
(1) The non-GAAP operating income and loss measures used by the company exclude restructuring, amortization, in-process research and development, stock-based compensation expense and, if applicable in the relevant period, unusual items. The required reconciliations and other disclosures are set forth later in this press release in Table D and in the Current Report on Form 8-K furnished to the SEC on the date hereof.
(2) Our results for the year ago period include stock-based compensation expense primarily related to restricted stock amortization and stock-based compensation costs associated with acquisitions. Our results for the current period also include the effects of our adoption of FAS 123R.
3Com Corporation
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
(unaudited)
TABLE A
Three Months Ended
------------------------------------
December 1, September 1, December 2,
2006 2006 2005
----------- ------------ -----------
Sales $ 332,976 $ 300,144 $ 184,332
Cost of sales 182,825 163,715 110,017
----------- ------------ -----------
Gross profit 150,151 136,429 74,315
Operating expenses:
Sales and marketing 76,188 77,122 67,694
Research and development 48,151 47,793 23,225
General and administrative 22,341 20,276 18,292
Amortization of intangibles 12,221 12,181 3,862
Restructuring charges 630 (75) 3,468
----------- ------------ -----------
Total operating expenses 159,531 157,297 116,541
----------- ------------ -----------
Operating loss (9,380) (20,868) (42,226)
Gain (loss) on investments, net (911) 2,292 3,511
Interest Income, net 11,447 10,090 6,630
Other Income, net 12,616 4,718 487
----------- ------------ -----------
Loss from operations before
income taxes and equity interest
of unconsolidated joint venture
and minority interest of
consolidated joint venture 13,772 (3,768) (31,598)
Income tax provision (2,315) (1,358) 21,893
Equity interest of 3Com in the
income (loss) of unconsolidated
joint venture (1) - - (995)
Minority Interest of Huawei in
the income of consolidated joint
venture (2) (14,973) (8,942) -
----------- ------------ -----------
Net loss $ (3,516) $ (14,068) $ (10,700)
=========== ============ ===========
Basic and diluted loss per share: $ (0.01) $ (0.04) $ (0.03)
=========== ============ ===========
Shares used in computing basic
and diluted per share amounts 393,352 391,885 385,442
(1) Represents 3Com's interest in the Huawei-3Com joint venture for
the period on and prior to February 1, 2006
(2) Represents Huawei's interest in the Huawei-3Com joint venture for
the period subsequent to February 1, 2006
3Com Corporation
Condensed Consolidated Balance Sheets
(in thousands)
(unaudited)
TABLE B
December 1, June 2,
2006 2006
----------- -----------
ASSETS
Current assets:
Cash and cash equivalent $ 529,180 $ 501,097
Short-term investments 339,358 363,250
Notes receivable 62,359 63,224
Accounts receivable, net 155,181 115,120
Inventories, net 142,671 148,819
Other current assets 57,715 57,835
----------- -----------
Total current assets 1,286,464 1,249,345
Property & equipment, net 78,868 89,109
Goodwill 354,259 354,259
Intangibles, net 87,344 111,845
Other assets 24,877 56,803
Total assets $1,831,812 $1,861,361
=========== ===========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 122,166 $ 153,245
Accrued liabilities and other 341,287 318,036
----------- -----------
Total current liabilities 463,453 471,281
Deferred revenue and long-term obligations 2,685 13,788
Minority Interest of Huawei (a) 157,061 173,930
Stockholders' equity 1,208,613 1,202,362
----------- -----------
Total liabilities and stockholders' equity $1,831,812 $1,861,361
=========== ===========
(a) Represents Huawei's 49 percent ownership in the Huawei-3Com joint
venture.
Additional Financial Data
(in thousands)
(unaudited)
TABLE C
Sales by Geography (a)
Three Months Ended
------------------------------------
December 1, September 1, December 2,
2006 2006 2005
----------- ------------ -----------
North America $ 55,159 $ 58,423 $ 61,521
Latin and South America 20,296 15,319 19,487
Europe, Middle East and Africa 70,933 69,534 81,196
Asia Pacific Rim 28,312 24,359 22,128
China 158,276 132,509 -
----------- ------------ -----------
Total Sales $ 332,976 $ 300,144 $ 184,332
=========== ============ ===========
(a) SCN segment sales are included in geographic categories based on
the location of the end customer. H3C segment sales included in the
geographic categories are based upon the hub locations of OEM
partners in the case of OEM sales and the location of end-customers
in the case of direct customer sales.
Sales by Product Category
Three Months Ended
------------------------------------
December 1, September 1, December 2,
2006 2006 2005
----------- ------------ -----------
Networking $ 272,852 $ 244,033 $ 131,682
Security 31,582 25,462 20,922
Voice 16,549 15,949 14,202
Services 8,568 8,351 8,754
Connectivity Products 3,425 6,349 8,772
----------- ------------ -----------
Total Sales $ 332,976 $ 300,144 $ 184,332
=========== ============ ===========
3Com Corporation
Reconciliation of Non-GAAP Operating Loss
(in thousands)
(unaudited)
TABLE D
Three Months Ended
------------------------------------
December 1, September 1, December 2,
2006 2006 2005
----------- ------------ -----------
GAAP operating loss $ (9,380) $ (20,868) $ (42,226)
Restructuring 630 (75) 3,468
Amortization of intangible
assets 12,221 12,181 3,862
Stock-based compensation
expense (a) 6,950 3,287 5,097
----------- ------------ -----------
Non-GAAP operating income (loss) $ 10,421 $ (5,475) $ (29,799)
=========== ============ ===========
(a) Stock-based compensation expense is included in the following cost
and expense categories by period (dollars in millions):
Three Months Ended
------------------------------------
December 1, September 1, December 2,
2006 2006 2005
----------- ------------ -----------
Cost of sales $ 0.4 $ 0.3 $ 0.1
Sales and marketing 1.6 1.2 1.2
Research and development 1.5 1.2 2.1
General and administrative 3.5 0.6 1.7
3Com Corporation
Segment Reporting
(in thousands)
(unaudited)
TABLE E
Operating Segments
---------------------------------------
SCN H3C
------------------- -------------------
Three Three Three Three
Months Months Months Months
Ended Ended Ended Ended
December September September June
1, 1, 30, 30,
2006 2006 2006 2006
--------- --------- --------- ---------
Sales $166,525 $155,823 $190,291 $169,968
Gross profit 59,436 56,345 90,715 80,084
Total sales and marketing,
research and development, and
general and administrative
expenses 85,629 85,403 61,051 59,788
Other operating expenses (2) 4,221 3,516 8,630 8,590
Operating income (loss) (30,414) (32,574) 21,034 11,706
Net income (loss) (19,103) (23,375) 30,561 18,249
Eliminations and
Other Items
---------------------
Three Three
Months Months
Ended Ended
December September
1, 1,
2006 2006
--------- ---------
Sales $(23,840)(1)$(25,647)(1)
Gross profit
Total sales and marketing, research and
development, and general and administrative
expenses
Other operating expenses (2)
Operating income (loss)
Net income (loss) (14,973)(3) (8,942)(3)
(1) Represents eliminations for inter-company revenue during the
respective periods.
(2) Represents restructuring and amortization in all periods
presented.
(3) Represents equity interest of Huawei in H3C for July, August and
September of 2006 for the period ended December 1, 2006 and April,
May and June of 2006 for the period ended September 1, 2006.
3Com Corporation
Non-GAAP Pro Forma Consolidated Statements of Operations
(in thousands, except per share data)
(unaudited)
TABLE F
Three Months Ended
-------------------------------------------------------
Sept 2, Dec 2, March 3, June 2,
2005 (a) 2005 (a) 2006 2006
----------- ------------- ------------ ------------
Sales $ 259,615 $ 282,470 $ 304,938 $ 299,758
Net loss (42,649) (11,348) (33,010) (15,237)
=========== ============= ============ ============
EPS $ (0.11) $ (0.03) $ (0.09) $ (0.04)
=========== ============= ============ ============
Shares used in
computing EPS 383,760 385,442 387,754 390,245
(a) These columns contain non-GAAP financial measures. The most
directly comparable GAAP measure and required reconciliations are set
forth below.
Reconciliation of Non-GAAP Pro Forma Measures
(in thousands, except per share data)
(unaudited)
Three Months Ended
-------------------------------------------------------
GAAP Adjustments Pro Forma
----------------------------
3Com H3C Consolidated
Sept 2, June 30, Sept 2,
2005 2005 Eliminations 2005
----------- ------------- ------------ ------------
Sales $ 177,636 $ 95,772 $ (13,793) $ 259,615
Net loss $ (42,041) $ (1,224)(b)$ 616 (c)$ (42,649)
=========== ============= ============ ============
EPS $ (0.11)
============
Shares used in
computing EPS 383,760
Three Months Ended
-------------------------------------------------------
GAAP Adjustments Pro Forma
----------------------------
3Com H3C Consolidated
December 2, September 30, December 2,
2005 2005 Eliminations 2005
----------- ------------- ------------ ------------
Sales $ 184,332 $ 111,177 $ (13,039) $ 282,470
Net loss $ (10,700) $ (3,221)(b)$ 2,573 (c)$ (11,348)
=========== ============= ============ ============
EPS $ (0.03)
============
Shares used in
computing EPS 385,442
Three Months Ended
-------------------------------------------------------
GAAP Adjustments Pro Forma
----------------------------
3Com H3C Consolidated
March 3, December 31, March 3,
2006 2005 Eliminations 2006
----------- ------------- ------------ ------------
Sales $ 177,563 $ 144,973 $ (17,598) $ 304,938
Net income
(loss) $ (32,760) $ 16,719 (b)$ (16,969)(c)$ (33,010)
=========== ============= ============ ============
EPS $ (0.09)
============
Shares used in
computing EPS 387,754
Three Months Ended
-------------------------------------------------------
GAAP Adjustments Pro Forma
----------------------------
3Com H3C Consolidated
June 2, March 31, June 2,
2006 2006 Eliminations 2006
----------- ------------- ------------ ------------
Sales $ 165,808 $ 155,980 $ (22,030) $ 299,758
Net income
(loss) $ (28,919) $ 27,820 (b)$ (14,138)(c)$ (15,237)
=========== ============= ============ ============
EPS $ (0.04)
============
Shares used in
computing EPS 390,245
(b) For the purpose of calculating the pro forma consolidated net
loss, the net loss for stand-alone H3C includes amortization expense
resulting from the estimated allocation of the Company's purchase
price for its incremental 2 percent of the equity of H3C in January
2006. Such estimated allocation was not available until the current
reporting period.
(c) Represents the adjustment necessary for the pro forma consolidated
net loss to include 3Com's 51 percent ownership position in H3C.
CONTACT: 3Com Corporation
Investor Relations
John Vincenzo, 508-323-1260
john_vincenzo@3com.com
or
Media Relations
Joseph Vukson, 508-323-1228
joseph_vukson@3com.com
SOURCE: 3Com Corporation
时间: 2006-12-27 14:39
作者: rafequ
谢谢漏主
时间: 2006-12-27 18:05
作者: 君莫笑
我的英语太差啦
时间: 2006-12-27 19:27
作者: XNworks
楼主辛苦啦，顶一吧！
时间: 2006-12-27 21:26
作者: guestest
事情是明摆着的，有人欢喜，有人愁。h3c有人这样，3com也会有人这样。短期内双方协商不出什么结果只能说明原先3com的收购预案被h3c的人彻底推翻了。所以才会传出3月份出结果的说法。不管怎么说，华为3com都会成为历史，即便存在以后也是h3c或3com了。但是市场能等多久，华为能等多久......
时间: 2006-12-28 22:58
作者: 风起云涌
对lz的负责任的强贴表示敬意！这个论坛太需要这种强贴了，大家都应该理性发帖！
向lz学习！
时间: 2007-3-22 22:23
作者: newbaobao
明天不知道这个季度的财报怎样？
时间: 2007-3-22 23:12
作者: oostilloo
lala楼主是好银啊
时间: 2007-3-23 18:05
作者: hogskin
<p>太佩服LALALA 了，LALALA在天涯上早就大名鼎鼎了啊！</p><p>顶！</p>
时间: 2007-3-23 19:40
作者: xelblade
<p>3季度财报已经公布了</p><p>3com表示3月29日中国政府批准此次收购</p><p>不过3com的安全产品线表现实在是不匝地</p>
时间: 2007-3-23 19:56
作者: pumper
<p>楼上的，3月29日哪里看到的？给个出处...</p>
时间: 2007-3-23 20:08
作者: xelblade
<p>你可以在网上搜搜看,我不知道网上公布没有</p><p>我是在公司内部看到的,应该是可靠的</p>
时间: 2007-3-23 22:05
作者: JackJack
太强了
时间: 2007-3-23 22:14
作者: lylytxrjy
<p>好贴</p>
时间: 2007-3-23 22:18
作者: lightingbug
<div align="center" style="MARGIN-TOP: 18pt; FONT-SIZE: 10pt;"><b>3COM REPORTS THIRD QUARTER FISCAL YEAR 2007 RESULTS</b>
</div><div style="MARGIN-TOP: 6pt;"><table cellspacing="0" cellpadding="0" width="100%" border="0" style="FONT-SIZE: 10pt;"><tbody><tr valign="top" style="FONT-SIZE: 10pt; BACKGROUND: none transparent scroll repeat 0% 0%; COLOR: #000000;"><td nowrap="nowrap" align="left" width="3%"><b>•</b></td><td width="1%"> </td><td>
eople’s Republic of China grants its approval for 3Com to acquire Huawei Technologies’ 49 percent stake in Huawei-3Com (H3C) for $882 million — expected to close on or about March 29, 2007;</td></tr><tr><td style="FONT-SIZE: 6pt;"> </td></tr><tr valign="top" style="FONT-SIZE: 10pt; BACKGROUND: none transparent scroll repeat 0% 0%; COLOR: #000000;"><td nowrap="nowrap" align="left" width="3%"><b>•</b></td><td width="1%"> </td><td>GAAP revenue for the third quarter was $323 million, an 82 percent increase over the prior year quarter’s GAAP revenue and a 6 percent increase over the prior year quarter’s pro forma revenue, assuming the consolidation of H3C from the beginning of the period;</td></tr><tr><td style="FONT-SIZE: 6pt;"> </td></tr><tr valign="top" style="FONT-SIZE: 10pt; BACKGROUND: none transparent scroll repeat 0% 0%; COLOR: #000000;"><td nowrap="nowrap" align="left" width="3%"><b>•</b></td><td width="1%"> </td><td>GAAP loss per share was $0.01 in the third quarter, as compared to an $0.08 loss per share in the prior-year quarter;</td></tr><tr><td style="FONT-SIZE: 6pt;"> </td></tr><tr valign="top" style="FONT-SIZE: 10pt; BACKGROUND: none transparent scroll repeat 0% 0%; COLOR: #000000;"><td nowrap="nowrap" align="left" width="3%"><b>•</b></td><td width="1%"> </td><td>GAAP operating loss was reduced by 81 percent to $9 million and non-GAAP operating profit was $10 million, representing second consecutive quarter of non-GAAP operating profitability;</td></tr><tr><td style="FONT-SIZE: 6pt;"> </td></tr><tr valign="top" style="FONT-SIZE: 10pt; BACKGROUND: none transparent scroll repeat 0% 0%; COLOR: #000000;"><td nowrap="nowrap" align="left" width="3%"><b>•</b></td><td width="1%"> </td><td>Secure Converged Networking (SCN) segment reduced operating losses by $19 million compared to the prior year; and</td></tr><tr><td style="FONT-SIZE: 6pt;"> </td></tr><tr valign="top" style="FONT-SIZE: 10pt; BACKGROUND: none transparent scroll repeat 0% 0%; COLOR: #000000;"><td nowrap="nowrap" align="left" width="3%"><b>•</b></td><td width="1%"> </td><td>Consolidated Cash, Cash Equivalents and Short-term Investments were $956 million, a sequential increase of $88 million.</td></tr></tbody></table></div>
时间: 2007-3-23 22:42
作者: 马车夫
<p>新手还不让看Lz的文章?</p>
时间: 2007-3-23 23:14
作者: hhll
HW会继续ODMＨ３Ｃ的产品，这个收购要约上肯定是重要一项。至少是２年。
时间: 2007-3-24 00:01
作者: taotaotao
我怎么看不到？？？？？
时间: 2007-3-24 17:16
作者: alexclark
<p>什么级别才能看精华啊？</p>
时间: 2007-3-24 19:04
作者: 黄金甲
<div class="msgheader">QUOTE:</div><div class="msgborder"><b>以下是引用<i>pumper</i>在2007-3-23 19:56:00的发言：</b><br/><p>楼上的，3月29日哪里看到的？给个出处...</p></div><p></p>3com的网站上
时间: 2007-3-25 10:00
作者: 服务生
有道理。
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