3Com Reports First Quarter Fiscal Year 2008 Results.

MARLBOROUGH, Mass. -- 3Com Corporation (NASDAQ: COMS) today reported financial results for its fiscal 2008 first quarter, which ended August 31, 2007. Revenue in the quarter was $319.4 million compared to revenue of $300.1 million in the corresponding period in fiscal 2007, a 6.4 percent increase.

Net loss in the quarter was $18.7 million, or $0.05 per diluted share, compared with a net loss of $14.1 million, or $0.04 per diluted share, in the first quarter of fiscal year 2007. On a non-GAAP basis, net income was $12.2 million, or $0.03 per diluted share, compared with a net loss of $5.2 million, or $0.01 per diluted share, for the first quarter of fiscal year 2007.

"We had a strong start to our fiscal year, which sets the stage for us to grow our business and ultimately meet our long-term financial and business objectives," said Edgar Masri, 3Com President and Chief Executive Officer. "Revenue in all three business units showed year-over-year growth, including our traditional data and voice business, which achieved positive growth for the first time in almost two years.

"We are particularly pleased with the significant improvement in our gross margins and our ability to keep our direct operating costs essentially flat on a year-over-year basis."

In the first quarter, 3Com used $59 million of cash, which included the initial payment of $93 million to H3C employees under the Equity Appreciation Rights Plan (EARP), which was triggered by the acquisition of the remaining 49 percent of H3C in 2007.

Management will host a conference call and Webcast at 5:00 p.m. EDT, Thursday, September 20, 2007, to discuss quarterly highlights, historical financial results and expectations of future performance. To participate on the call, U.S. and international parties may dial [phone]. Alternatively, interested parties may listen to the live broadcast of the call over the Internet at 3Com's Investor Relations Web site (www.3com.com/investor) in the Earnings Webcast section. For those unable to participate on the live call, a 24-hour replay will be available starting at 8:00 p.m. EDT on September 20 by dialing [phone], or [phone], Confirmation Code: 8436622.

For additional financial information, please refer to the Investor Relations section of our Web site.

Safe Harbor 

This news release 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 business objectives. 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 grow profitably and other risks detailed in the Company's filings with the SEC, including those discussed in the Company's annual report filed with the SEC on Form 10-K for the year ended June 1, 2007.

3Com Corporation does not intend, and disclaims any obligation, to update any forward-looking information contained in this release or with respect to the announcements described herein.

The non-GAAP measures used by the Company exclude restructuring, amortization, in-process research and development, stock-based compensation expense and, if applicable in the relevant period, unusual items, such as the change-in-control portion of the EARP, the inventory-related adjustment portion of the purchase accounting effects of the Company's acquisition of 49% of H3C, the gains on sales of assets and the gain on an insurance settlement. The required reconciliations and other disclosures used for all non-GAAP measures by the Company are set forth later in this press release, in the Current Report on Form 8-K furnished to the SEC on the date hereof and/or in the investor relations section of our Web site, www.3com.com.

References to the financial information included in this news release and the related conference call reflect rounded numbers and should be considered approximate values.

About 3Com Corporation

3Com Corporation (NASDAQ: COMS) is a leading provider of secure, converged voice and data networking solutions for enterprises of all sizes. 3Com offers a broad line of innovative products backed by world-class sales, service and support, which excel at delivering business value for its customers. 3Com also includes H3C Technologies Co., Limited (H3C), a China-based provider of network infrastructure products. H3C brings high-performance and cost-effective product development and manufacturing and a strong footprint in one of the world's most dynamic markets. Through its TippingPoint division, 3Com is a leading provider of network-based intrusion prevention systems that deliver in-depth application protection, infrastructure protection, and performance protection. For further information, please visit www.3com.com, or the press site www.3com.com/pressbox.

Copyright (c) 2007 3Com Corporation. 3Com, the 3Com logo and TippingPoint are registered trademarks of 3Com Corporation. All other company and product names may be trademarks of their respective holders.

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