3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-23.5%

Nov 7 11:47 AM EST

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To: opalapril who wrote (34094)	9/15/1999 12:21:00 PM
From: Andre Williamson	Read Replies (1) of 45548

Actually, I don't think so. If COMS retains 80%, COMS won't NECESSARILY increase in value to reflect a soaring Palm price. As evidence, witness the clear travesty in COMS' current valuation: One could argue with merit that Palm alone is easily worth COMS less its cash stash. Yet COMS remains in the dumps. No, I'm not so sure that soaring Palm shares will drag COMS along with them. Those who benefit most will be those who can sell on the IPO "pop" - and COMS shareholders will be excluded. According to the announced plan, COMS holders will all get their Palm shares at once, which will invariably cause a huge crash in Palm's stock price when the shares are distributed. You also ignore the fact that a major factor in COMS current attractiveness IS Palm. Once it's gone I for one am not so sure I'll stay long on the remaining COMS. Why should I as a current shareholder be punished for that? Andre

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