was up sharply in the premarket after reporting second-quarter results that topped analysts' forecasts.

The Santa Clara, Calif., network equipment maker lost $47 million, or 14 cents a share, in the quarter, narrower than the 22-cent consensus loss estimate. The company had a loss of $51 million, or 15 cents a share, a year earlier. Revenues were $394 million, up from $390 million in the previous quarter.

Company officials said they hoped 3Com will return to profitability in the fourth quarter of the current fiscal year.

On Instinet, 3Com was up 69 cents, or 13%, to $6.