3Com to spin out TippingPoint

Going IPO: 3Com’s TippingPoint offers network-based intrusion-prevention systems

3Com Friday said it would execute an IPO of common stock of its wholly owned subsidiary, TippingPoint.

TippingPoint provides network-based intrusion-prevention systems and filtering services for corporations, government agencies, service providers and academic institutions. 3Com bought TippingPoint in 2004.

3Com expects to file the IPO by the end of the calendar year.

"We believe this move will let 3Com and TippingPoint focus on their core strengths, target markets and strategic goals," said Edgar Masri, 3Com's president and CEO, in a statement. "The decision to IPO TippingPoint enables 3Com to focus more closely on its core business -- delivering integrated, secure, converged network infrastructure solutions to enterprises and increasing H3C [Huawei-3Com joint venture] sales worldwide."

Masri added that the move also reinforces 3Com's commitment to its Open Services Networking strategy of providing network infrastructure that enables the convergence of applications and emerging technologies.

3Com intends to remain a majority TippingPoint shareholder following the IPO and plans to reduce its ownership over time in subsequent transactions. 3Com will consolidate TippingPoint results in its quarterly and annual financial reports for the foreseeable future.

Separately, 3Com posted a fourth-quarter net loss of US$66 million on revenue of $311 million. This compares with a fourth-quarter 2006 loss of US$15 million on revenue of $255 million.

For the full 2007 fiscal year, 3Com recorded revenue of US$1.3 billion, a 59 percent increase compared with the 2006 fiscal year, primarily because of the consolidation of H-3C's results in the current period. On a pro forma basis and assuming H-3C results had been consolidated from the beginning of the periods, full 2007 fiscal year revenue would have increased 11 percent.

3Com's net loss for the 2007 fiscal year was US$88.6 million, compared with a net loss of US$100.7 million for the 2006 fiscal year.

Join the PC World newsletter!

Error: Please check your email address.

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jim Duffy

Network World
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?