3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: KyrosL who wrote (34137)	9/15/1999 5:52:00 PM
From: Tim McGee	Read Replies (3) of 45548

Mainly what I am saying is that it puts shareholders in an uncertain situation for 6 additional long months tied to 3Com. The benefit of the Spinoff to COMS holders is not really known until 9 months from now - that sucks. I think it will piss you off if you see a PALM share, which you don't directly own but know that you should, at $75 in february that you get for $49 in June. Sure there are all sorts of option and short strategies one can use to lock in a specific gain by why make this so complicated? The volatility is likely to be much less significant if all the sharehoders are there on day 1. Just issue the stock to the current shareholders like any normal spin-off. We can make decisions based on better information as direct owners rather than in-direct future owners. COMS stock in the planned 6 month period will not follow PALM directly (although it will track some % in direction). There are too many uncertanties about COMS minus PALM future for a direct correlation (i.e. 10% rise in Palm lead to a similar rise in COMS). Tim

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