Palm executed quite well in a down market.

Our seasonally weak third quarter was exacerbated by several factors.

Under Bruce's leadership, 3Com developed a strategy to become a leading global provider of secure converged networking solutions for small, medium and large enterprises.

Tangible progress across virtually every aspect of our income statement and balance sheet gives us increased confidence in our ability to execute and to return to profitability.

[The year] 2001 has been really lousy. I think we are all just looking forward to turning the page on a lousy year.

While we remain optimistic about the long-term growth opportunities in the sector, we are disappointed that we will not meet our revenue and profitability goals this quarter.