View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 26, 1994

3COM EXPECT RECORD TURNOVER

By CBR Staff Writer

3Com Corp expects to report record turnover of around $830m for the fiscal year ending May 31, up from $617m last year, president and chief executive Eric Benhamou told AP-Dow Jones World Equities Report: Benhamou declined to discuss the group’s earnings outlook, but said he plans to boost the company’s presence in Asia to support annual sales growth of more than 75% in the region – growth in Asia’s booming telecommunications markets is twice the company’s average, says Benhamou, and he expects even higher growth in fiscal 1995; Asia, excluding Japan, now accounts for about 5% of the company’s sales and Benhamou says that the region is the most profitable as a percentage of sales; he is in Hong Kong and will travel to Peking later this week to open the company’s first office in China; and 3Com plans to open another office in China, probably in Shanghai, later this year.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU