To All:
3Com Corp 4Q Net 17c/Shr Vs 31c
3Com Corp.
4th Quar May 31:
a 1996 a 1995
Sales $660,266,000 $476,256,000
Net income b 29,498,000 c 54,153,000
Avg shrs (primary)-d 178,537,000 172,938,000
Avg shrs (diluted)-d 179,103,000 173,332,000
Shr earns (primary)-d
Net income b .17 c .31
Shr earns (diluted)-d
Net income b .16 c .31
a. Reflects results of Chipcom Corp., which was acquired Oct. 13, 1995.
b. Includes a pretax charge of $52,353,000 for purchased in-process technology related to the buy of Axon Networks Inc. and a pretax charge of $950,000 for a litigation settlement. Pro forma net income, excluding the charges, was about $82,500,000, or 46 cents a diluted share.
c. Includes pretax charge of $6,100,000 for acquisitions of Sonix Communications Ltd. and Primary Access Corp. Pro forma net income, excluding the charge, was $60.3 million.
d. Reflects a two-for-one stock split effective Aug. 25, 1995. |
