Eric Benhamou Market Quotations

Over the quarter, our pro forma gross margins grew to nearly 35 percent, we generated positive cash flow from operations, and channel inventory remained within our desired range. And we have positioned the company to address broader market opportunities with innovative new products this fall and when the industry moves to a new growth phase.

We're focusing on markets where we have established a leadership position. We're transitioning out of businesses that are no longer strategic to 3Com's future.