3Com reports wider losses

3Com reports wider losses

3Com last week reported a net loss of US$86 million in its last quarter, the result of a 21 percent decline in sales from the same quarter last year.

The network equipment's loss for its third fiscal quarter was around US$6 million more than the same quarter a year ago. Sales were down around 5 percent for the previous quarter, although 3Com's losses in the prior quarter were greater, at US$138.9 million.

The company also reported a US$40 million restructuring charge during the quarter. 3Com's workforce was at around 2,100 at the end of the third quarter, down from approximately 2,900 from the prior quarter. The company also closed a manufacturing plant in Dublin, Ireland, moving the production to an outsourcer.

A bright spot for the firm was 10 percent sequential growth in its Wi-Fi, VoIP and security product lines.

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