3Com got profits in the first-quarter

This IT news is provided from the Link Net Service Company Limited
Communications equipment maker 3Com announced financial results in the first quarter of fiscal year 2009 yesterday. The report showed, 3Com revenue were 342,700,000 U.S. dollars in the first quarter, up 7%; net profit were 79,800,000 U.S. dollars, while in the same period last year, it got a net loss of 18,700,000 U.S. dollars.

3Com's revenue depends on the part of the cooperation with Huawei, 3Com Chinese market accounted for nearly half of the overall business. 3Com said that in the long term, is expected to Huawei and 3Com-related sales in total revenue share and in absolute terms, there will be a drop in other parts of 3Com hopes to have more growth. Huawei previously attempted to purchase shares of 3Com but failed.
　

3Com said it would copy the success focus on other areas in China. In addition, 3Com reported that it would buy back stock with cash surplus to repay the loan and other strategic investments. 3Com CEO Mao said that as the current contraction of global economic, users hope to be returned more in investment of network equipment, and the market value of network investment is paid more and more attention.