Updated from 4:34 p.m. ET
posted a fiscal first quarter loss from continuing operations of 18 cents a share.
The company's loss in the quarter ended Sept. 1 was much smaller than analysts expected. They figured it would post a loss of 33 cents a share, according to
First Call/Thomson Financial
3Com's release was more complex that the human genome. For instance, the company also reported a $99 million pro forma operating loss for the period excluding amortization of goodwill and intangibles of $7.5 million, a $29.4 million charge for purchased in-process technology related to the
acquisition, a merger-related credit of $200,000 and a $9.9 million charge related to business realignment.
The company's sales in the period were $933.8 million, compared with $1.21 billion a year earlier. But the $933.8 million figure includes $127.5 million in sales from the company's exited analog modem and LAN/WAN high-end chassis businesses. Excluding these revenues, 3Com's ongoing businesses had sales of $806.3