3Com reported quarterly revenue of $182 million, up 12% over the preceding quarter and significantly ahead of the First Call estimate of $167 million. Gross margins were $57 million, or 31% of revenues. Operating expenses were $172 million, including $59 million of restructuring charges. The net loss was approximately $139 million, or $0.37 per share. Some other highlights:
- during the quarter 3Com generated its first revenue from the recently announced router products and the modular Layer 3 Switch 7700 sourced from the Huawei-3Com Joint Venture (JV).
- revenue in the Americas declined 11% sequentially
- revenue in EMEA increased 38% sequentially
- revenue in the Asia Pacific region increased 12% sequentially.
