3COM Seemed Good, But... (COMS)

3Com Corp. (NASDAQ:COMS) posted a net loss of $18.7 million, or -$0.05 EPS, but on a non-GAAP basis outside of restructuring costs it made $12.2 million, or $0.03 EPS.  Analysts were expectingg $0.02.  Revenue rose to $319.4 million, above the $300.1 million a year ago and slightly above analyst estimates of $318.3 million.

Shares closed up almost 4% today at $3.74.  We didn’t get to listen to this conference call, but shares are giving back the gains in after-hours with shares down close to 5% at $3.57.  The 52-week trading range is $3.24 to $5.24.  Since we didn’t get to hear what the sell-of was about we won’t speculate as this is a small company now.  But here are some points investors should consider:

If we get a chance, we’ll look further into this one later.

Jon C. Ogg
September 20, 2007