Network equipment maker 3Com (COMS) was up 14.1% in early trading, a day after it posted a first-quarter loss of 38 cents per share, wider than the 35 cent loss expected by analysts and the year-ago loss of 12 cents.

Revenue was $390 million, down from $933.7 million in the year-ago period and down from $468 million in the previous quarter.

3Com also said it was cutting 1,000 more jobs than originally anticipated, reducing the workforce to 6,000 from 12,000.

The company said it still has about $1.45 billion in cash, down from $1.64 billion in the previous quarter but more than it had anticipated.