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Technology Stocks : 3Com Corporation (COMS)
COMS 0.00130-67.5%Nov 7 11:47 AM EST
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To: Highway Jim who wrote (36192)11/13/1999 8:33:00 AM
From: KyrosL  Read Replies (2) of 45548
 
The 20% of Palm will be sold in the market at the IPO price to raise money for the independent Palm. 3Com holds the other 80% in its treasury and distributes it to its shareholders as a stock dividend 3-6 months after the IPO. Nothing was announced about 3Com shareholders also getting preferred access to the 20% of the IPO shares. I am satisfied with 80% of Palm, but it would be nice if some of the IPO shares (say, 10%) were allocated to shareholders -- of course we will have to pay for them the IPO price, unlike the 80%, which will be free to shareholders.
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