3Com, Media 100 report earnings
3Com has reported an enormous US$518 million loss for its fourth quarter, or $206 million excluding charges. Analysts had been expecting a loss of around $192 million. Revenue for the quarter met revised estimates at $468 million. In an effort to return to profitability, 3Com has already laid off 40 percent of its workforce. The company now anticipates being profitable in about a year, provided market and industry conditions do not deteriorate further.
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