COMS » Topics » BASIS OF PRESENTATION

This excerpt taken from the COMS 10-K filed Aug 5, 2005.
Basis of presentation

The consolidated financial statements include the accounts of 3Com and its wholly-owned subsidiaries. All significant intercompany balances and transactions are eliminated in consolidation. As discussed in Note 6, we account for our investment in the Huawei-3Com joint venture by the equity method.

 

Discontinued operations

The financial information related to the CommWorks division that was sold during fiscal 2003 is reported as discontinued operations for all periods presented, as discussed in Note 3.

 

This excerpt taken from the COMS 8-K filed Apr 12, 2005.

1. Basis of Presentation

 

The accompanying unaudited pro forma condensed combined financial statements present the pro forma results of operations and financial position of 3Com Corporation (3Com) and TippingPoint Technologies, Inc. (TippingPoint) on a combined basis based on the historical financial information of each company and after giving effect to the acquisition of TippingPoint by 3Com.  The acquisition was recorded using the purchase method of accounting. Certain reclassifications have been made to the historical TippingPoint financial statements to conform to the presentation used in 3Com’s historical financial statements. Such reclassifications had no effect on TippingPoint’s previously reported results from continuing operations.

 

The unaudited pro forma condensed combined balance sheet has been prepared assuming the acquisition occurred on November 26, 2004. In accordance with SFAS No. 141, Business Combinations, 3Com calculated the purchase price of TippingPoint based upon each outstanding share of common stock of TippingPoint being converted into the right to receive $47.00 in cash, the estimated fair value of TippingPoint options assumed by 3Com and the direct costs incurred by 3Com related to the acquisition. The unaudited pro forma condensed combined statement of operations has been prepared assuming the acquisition occurred at the beginning of the fiscal periods presented.

 

This excerpt taken from the COMS 10-Q filed Apr 5, 2005.

BASIS OF PRESENTATION

 

The following information relates to the continuing operations of 3Com Corporation and our consolidated subsidiaries (3Com).

 

On May 23, 2003, we completed the sale of the CommWorks division and transferred certain assets and liabilities to UTStarcom, Inc. pursuant to the terms of the Asset Purchase Agreement.  As a result of the sale, we reported the CommWorks division as a discontinued operation beginning in the fourth quarter of fiscal 2003.  Accordingly, the condensed consolidated financial statements and the related notes that appear elsewhere in this document reflect the CommWorks division as a discontinued operation for all periods presented.  Unless otherwise indicated, the following discussion relates to our continuing operations.

 

This excerpt taken from the COMS 10-Q filed Jan 5, 2005.

BASIS OF PRESENTATION

 

The following information relates to the continuing operations of 3Com Corporation and our consolidated subsidiaries (3Com).

 

On May 23, 2003, we completed the sale of the CommWorks division and transferred certain assets and liabilities to UTStarcom, Inc. pursuant to the terms of the Asset Purchase Agreement.  As a result of the sale, we reported the CommWorks division as a discontinued operation beginning in the fourth quarter of fiscal 2003.  Accordingly, the condensed consolidated financial statements and the related notes that appear elsewhere in this document reflect the CommWorks division as a discontinued operation for all periods presented.  Unless otherwise indicated, the following discussion relates to our continuing operations.

 

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