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Short Take: 3Com hit with second investor suit

3Com announced it was hit with a second shareholder class-action lawsuit, stemming from its recent announcement that its quarterly performance will be hurt due to excess inventory in the channel. The company had previously disclosed it was facing one pending class action suit. 3Com reports its fiscal second quarter results December 18.

3Com announced it was hit with a second shareholder class-action lawsuit, stemming from its recent announcement that its quarterly performance will be hurt due to excess inventory in the channel. The company had previously disclosed it was facing one pending class action suit. 3Com reports its fiscal second quarter results December 18.