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Company: 3Com (COMS)
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  3Com's Earnings Drop as Revenue Falls

COM earnings fell 91% for its fiscal first quarter due[1] to

  1. absence of a litigation gain it recorded a year earlier and
  2. demand remained weak for networking equipment.

To make things worse, the stock has more than doubled this year.

The networking-equipment maker has been refocusing on the U.S. market as its overseas businesses struggles. It also has been cutting costs. 3Com has been positioning itself as a low-cost alternative in the enterprise market.

Despite 3Com's forecast earnings excluding items of three to five cents a share on revenue of $270 million to $280 million in July, it looks like all signs still leads to us avoiding the stock for now

  1. "3Com's Earnings Drop as Revenue Falls " Article from Wall Street Journal
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