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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (34312)	9/21/1999 4:54:00 PM
From: Moonray	Read Replies (2) \| Respond to of 45548

3Com Reports First Quarter Fiscal 2000 Results; Pro Forma Net Income Increases 38% From Year-Ago Quarter SANTA CLARA, Calif.--(BUSINESS WIRE)--Sept. 21, 1999--3Com Corporation (Nasdaq:COMS) today reported financial results for its first fiscal quarter ended August 27. Net income of $137.5 million ($0.38 per share), on sales of $1.387 billion, included a $23.6 million gain from the sales of investments and a net pre-tax credit of $2.1 million related to the merger with U.S. Robotics, Inc. (USR). These results compare to net income in the first quarter of fiscal 1999 of $93.7 million (or $0.26 per share), on sales of $1.406 billion, which included a net pre-tax credit of $10.2 million related to the merger with USR. Excluding the aforementioned items, pro forma net income in the first quarter of $119.3 million, or $0.33 per share, increased 38 percent from pro forma net income of $86.7 million, or $0.24 per share, reported in the first quarter of fiscal 1999. mktnews.nasdaq.com\www\nasdaq\news\bw\1999\09\21\BU204900AT109.html&usymbol=COMS&logo=True&companyname=3Com+Corporation o~~~ O