3Com 8-K 2006
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 24, 2006
(Exact name of registrant as specified in its charter)
On July 24, 2006 we entered into a Purchase and Sale Agreement to sell the land and three buildings we currently own in Santa Clara, California to SSC II, L.P. for net proceeds of approximately $16.1 million. We expect the closing to occur within 30 days subject to customary closing conditions. We have agreed to lease back one of the buildings through December 31, 2006.
This Current Report on Form 8-K contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including forward-looking statements regarding our expectation to close the sale of our Santa Clara land and buildings within 30 days. These statements are neither promises nor guarantees, but involve risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements, including, without limitation, risks relating to: our ability to timely complete the sale of our Santa Clara land and buildings based primarily on the risk of the buyer not closing during the due diligence period or other closing conditions; and other risks detailed in the Companys filings with the SEC, including those discussed in the Companys annual report filed with the SEC on Form 10-K for the year ended June 3, 2005. 3Com Corporation assumes no obligation to update any forward-looking information contained in this Current Report on Form 8-K or with respect to the announcements described herein.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.