3Com Corporation (COMS) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

0.0%

Jan 9 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: David E. Taylor who wrote (41575)	3/9/2000 3:24:00 PM
From: Souze	Read Replies (1) of 45548

Revisiting the 1.5 PALM to 1 COMS ratio. I took a look at the most recent 3Com 10Q. Per it, 3COM has 990 million shares authorized! That gives them well over 500 million shares on the shelf that they can use to bid for other companies. They don't need shareholder approval to create the shares because the shares are already there. But do they need shareholder approval to buy another company? I don't know the answer. Shareholder approval by the company being acquired wouldn't be relevant if it's a private company. Anybody know if shareholder approval is needed for a purchase, or know how to find out?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next