expects to record a $175 million gain in the second quarter from its sale of undeveloped land in San Jose, Calif., to
3Com finalized the sale of 39 acres of undeveloped land on Sept. 5.
The company also said it expects a loss of $11 million in the second quarter from the sale of its manufacturing and distribution operations in Mount Prospect, Ill., to electronics designer,
. In that transaction, 3Com received $60 million in cash and 1.5 million Manufacturers' Services common shares.