Gross margins are expected to be 35%, compared with its forecast of 38%, and 3Com believes it will record a net loss per share of $0.12 to $0.14, down on the $0.37 recorded in the previous quarter.
3Com has been shrinking for the past three years, and its predicted level of second-quarter revenue will be more than 20% below that recorded a year earlier. In September, it warned that first-quarter revenue would be in the range of $160 million to $164 million, compared to original expectations of flat to slightly up on the previous quarter’s $183 million.
Its stock fell 8.1% to $4.20 on the latest news giving the company a stock market value of $1.59 billion.
