3Com spreads a little light

IT's not all doom and gloom...

IT's not all doom and gloom...

Network equipment manufacturer 3Com has reported better than expected results for its fourth quarter. The company's losses narrowed to $23.8m compared with $517m in the same period last year. Revenues fell for the same period, from $468m to $339m. Excluding special charges, the company reported a profit of $12.8m compared with a loss excluding charges of $206.3m in 2001.