Company Name: 3COM Corporation

Stock Market: NASDAQ (COMS)
Industry Sector: Networking
Total Assets: $1,775,130

Key People: Robert Y. L. Mao (Chief Executive Officer), Ronald A. Sege (President and Chief Operating Officer), Jay Zager (Executive Vice President and Chief Financial Officer), Neal D. Goldman (Executive Vice President, Chief Administrative and Legal Officer and Secretary), Dr. Shusheng Zheng (Executive Vice President and Chief Operating Officer, H3C)

Headquarters Address: 350 Campus Drive, Marlborough , Massachusetts

Number of Employees: 6,103
Website Address: www.3Com.com

Company Overview
On June 4, 1979, 3Com Corporation was incorporated in the state of California; it was incorporated again in the state of Delaware on June 12, 1997. 3Com Corp. has offices, and operates, in 35 countries and 60 different locations around the world. The company is considered a groundbreaking pioneer in the business of computer networking, and it offers safe, united networking solutions to companies around the world. 3Com Corp. also provides maintenance and support services to private corporations of different sizes and to various public organizations. The company services numerous industries and sectors, including finance, education, manufacturing, government agencies, and real estate. The products provided by 3Com Corporation can be classified into networking, security, voice, services, and legacy connectivity products.

On November 17, 2003, 3Com Corporation formed H3C, formerly known as Huawei-3Com, a joint venture that includes a subsidiary of Huawei Technologies, Ltd. H3C is situated in Hong Kong and has its primary operating centre in Hangzhou, China. 3Com Corporation contributed $160.0 million cash assets for the operations in China and Japan, and permits for particular intellectual property in exchange for its 49% ownership interest. On October 28, 2005, they entered into a contract to purchase 2% ownership interest from Huawei for a total price of $28.0 million. The Chinese government granted 3Com regulatory approval and the transaction was completed on January 27, 2006, with 3Com Corp. becoming majority owner of the joint enterprise. On November 27, 2006, 3Com Corp. initiated bidding to purchase the remaining 49% interest of Huawei, and the transaction was completed on March 29, 2007.

Current Financial Overview
In 2006, 3Com Corporation acquired the majority of the ownership interest in H3C. On March 29, 2007, the company obtained all the remaining interest and on May 30, 2008, all the minority subsidiaries were eliminated. In another deal, 3Com acquired TippingPoint on January 31, 2005. 3Com Corporation leases extensive property in the United States and other countries. As part of their effort to streamline their operation, 3Com Corp. has begun shedding excess facilities. Since May 30, 2008, the company has leased and subleased about 2,850 square feet of property to third-party tenants in North America. These leases will expire in 2010.

t present, the company has a significant amount of debt. Since May 30, 2008, the total amount of 3Com’s debt is $301 million, $48 million of which will be due within one year and is classified as a current liability. Despite this current debt, 3Com Corporation and its subsidiaries may incur additional debt, which is subject to certain limitations.