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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: stan s. who wrote (44497)12/14/1999 10:54:00 AM
From: Rainy_Day_Woman  Read Replies (1) of 108040
 
COMS hot too

Shares in 3Com Corp. rose in pre-opening trade Tuesday after the company filed to spin off its Palm Pilot unit in an initial public offering.

3Com was up at 49-1/4 on the Instinet electronic broker system from a 44-13/16 Monday close.

Palm Inc., maker of the Palm Pilot hand-held computer devices and a wholly owned 3Com subsidiary, filed with federal regulators on Monday to raise up to $100 million in an initial public offering.

The planned spinoff from 3Com is slated for February, a company official said this month.

"-)
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