Excerpt from today's One Page Annotated Wall Street Journal Summary (which you can get emailed to you every morning by signing up here):
3Com Narrows Loss, To Cut 250 Jobs
Summary: 3Com's results for the quarter ending June 2nd: Revenue up 45% to $255 million, net loss of $15.2 million versus a loss of $58.3 million a year earlier. 3Com will close 21 facilities and cut headcount by 250 from its secure, converged networking unit.
Comment on related stocks/ETFs: Full 3Com (COMS) conference call transcript here.
Strong Prices for Chips Boost Profit for Micron
Summary: Micron's results for the quarter ending June 1st: Revenue up 24% to $1.13 billion, net income $89 million versus a loss of $128 million a year earlier, when DRAM prices were low. EPS of $0.12.
Comment on related stocks/ETFs: Micron (NASDAQ:MU) is moving into NAND flash and higher margin chips including image sensors for digital camera. Details in the full Micron conference call transcript, or experpts specifically about the NAND flash market here.