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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: mr.mark who wrote (38140)1/12/2000 9:27:00 PM
From: Andre Williamson  Read Replies (2) of 45548
 
How many shares of Palm?

Speculation: They'll issue as many shares as it takes to value the company at $5 billion or hopefully more and keep the IPO price modest (under $20, like most others). Then it pops and we're off to the races.

But the truth is it doesn't matter SQUAT. The same attention by so many on stock splits and number of shares when the total pie is unchanging is what lets investors come in and see that the parts of COMS are worth TONS more the whole in the $20s, and hence double their money or better.

I for one, am extremely grateful so many are so ignorant (or ignoring) of underlying value. It allows short-term pricing to be extremely inefficient, and offers substantial returns with relatively low risk.

Andre
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