3Com Corp. (COMS) Reports Financials For Third Quarter
3Com Corporation (NASDAQ: COMS) late yesterday afternoon reported financial results for its fiscal 2008 third quarter. Revenue in the quarter was $336.4 million compared to revenue of $323.4 million in the corresponding period in fiscal 2007, a 4 percent increase. Net loss in the quarter was $7.8 million, or $0.02 per share, compared with a net loss of $4.8 million, or $0.01 per share, in the third quarter of fiscal year 2007. The net loss increase was a result of a $6.1 million non-cash deferred tax liability. 3Com generated $44.1 million in cash from operations. "On an operational basis we…