Some clippings from the 10-k....
First, the answer to a burning question....
3Com's name is derived from its focus on computer communication compatibility.
Now I can finally sleep.
Some conservative CYA comments....
Although the Company experienced relatively strong year over year growth, the Company's growth rate has moderated in the last half of fiscal 1997. The Company believes this moderation reflects recent slowed growth in the networking industry, in combination with increased competitive pricing pressures in the form of aggressive price reductions and product promotions for certain products, particularly network adapters, stackable hubs, and workgroup switches. The Company also experienced declines in its router business, which the Company believes are primarily due to delays in certain large enterprise customer orders. The Company believes that the industry is transitioning from shared to switched networks, from lower to higher-speed technologies, and to more volume-based pricing and distribution, and that these transitions may be adversely affecting customer purchasing decisions. Competitive pricing pressures in adapters, stackable hubs and workgroup switches have resulted in average selling prices declining more rapidly than in the past. The Company believes such pricing trends, as well as the uncertainties created by the trend towards switched networks, may adversely affect the industry's and the Company's growth rates in the coming quarters, and consequently, the Company's historical growth rates should not be relied upon as an indication of its future performance. See Business Environment and Risk Factors discussed below.
Well, I can only seem to get the first 28 pages. Will try again later. |
