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3Com loses $518m in Q4
Might be profitable in Q4 next year, but it's 'risky'
3Com recorded a net loss of $518 million for its Q4; well up on the $147 million it lost in Q4 last year.
Sales dropped to $468 million from $764 million a year earlier.
On an operating basis the loss was $206 million.
But chief exec Bruce Claflin restated he still expects 3Com to achieve positive cash flow from operations in Q2 fiscal 2002, and profit from operations by the fourth quarter.
But in a conference call yesterday he said there was "a greater risk" of not making these targets than there was when they'd been set three months ago.
This year the company has announced plans to shed 3,000 workers, scrap consumer DSL cable modems, and ditch its net appliance Audrey. ®