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3Com spreads a little light

IT's not all doom and gloom...

By Aled Herbert

Published: 26 June 2002 08:25 GMT

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.

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