Benhamou Resigns As CEO Of 3Com - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Benhamou Resigns As CEO Of 3Com

After 10 years at the helm of 3Com Corp., Eric Benhamou resigned today as CEO, effective Dec. 31. Benhamou said 3Com needs revitalized leadership.

At 3Com's annual shareholder's meeting, Benhamou said he has nominated Bruce Claflin, 3Com president and chief operating officer, to replace him. Claflin, who's been at 3Com for two years, joined the company after holding positions at Digital Equipment Corp. and IBM, where he spent more than two decades. Benhamou said he will continue as chairman and that he will also lead a special 3Com technology committee formed to promote the company's technologies and products.

After struggling for several successive quarters, 3Com's financial picture is beginning to brighten, largely as the result of its recent restructuring. In the first fiscal quarter of 2001, 3Com posted total sales of $806.3 million, up 20% from the same period a year earlier, although the company posted a net loss of $41.3 million for the quarter.

"3Com has been going through some difficult transitional issues, although they have most of the difficult actions behind them," says Greg Collins, a director at market research firm Dell'Oro Group. "They're starting to look forward to better performance, and we think they'll rebound rather rapidly from some difficult quarters," Collins said. Sales of the company's broadband products, especially its cable modem and digital subscriber line equipment, are helping return the company to higher sales growth, says Collins.

In his announcement, Benhamou said 3Com is ready for fresh leadership now that the company has nearly finished a restructuring begun in June. 3Com exited certain nonstrategic businesses and redirected its efforts to higher-growth sectors. In May it initiated the divestiture of its hugely successful Palm handheld business. Following that, it shed its analog modem business and the LAN and WAN core-chassis business.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
News
How to Create a Successful AI Program
Jessica Davis, Senior Editor, Enterprise Apps,  10/14/2020
News
Think Like a Chief Innovation Officer and Get Work Done
Joao-Pierre S. Ruth, Senior Writer,  10/13/2020
Slideshows
10 Trends Accelerating Edge Computing
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/8/2020
Register for InformationWeek Newsletters
Video
Current Issue
[Special Report] Edge Computing: An IT Platform for the New Enterprise
Edge computing is poised to make a major splash within the next generation of corporate IT architectures. Here's what you need to know!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll