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Short Take: 3Com revises USR charges

3Com revised its restructuring charge for the June 1997 acquisition of US Robotics from $426 million to $270 million. The change is a response to a request from the SEC and resulted from the fact that the companies have different fiscal periods. The adjustments reflect a change in the timing and costs associated with product swap-outs, elimination of duplicate facilities, and goodwill write-offs related to acquisitions by USR prior to the 3Com merger.

3Com revised its restructuring charge for the June 1997 acquisition of US Robotics from $426 million to $270 million. The change is a response to a request from the SEC and resulted from the fact that the companies have different fiscal periods. The adjustments reflect a change in the timing and costs associated with product swap-outs, elimination of duplicate facilities, and goodwill write-offs related to acquisitions by USR prior to the 3Com merger.