Mang-- just be nimble as Eric is still involved,,, Re-read what you posted,, last sentence in the paragraph that was NOT highlighted...
We are currently a wholly-owned subsidiary of 3Com Corporation. After the
completion of this offering and the private placements, 3Com will own
approximately 93.3% of the outstanding shares of our common stock, or
approximately 92.8% if the underwriters fully exercise their option to purchase
additional shares. 3Com currently plans to complete its divestiture of Palm
approximately six months following this offering by distributing all of the
shares of Palm common stock owned by 3Com to the holders of 3Com's common
stock. However, 3Com is not obligated to complete the distribution, and the
distribution may not occur by the anticipated time or at all.
AND I am still trying to figure out how he can take this to his benefit as it is not there for ours,,,
<<"If the aggregate net proceeds exceeds $620 million, 3Com has the right to elect to receive an additional dividend of
up to 50 percent of the
aggregate net proceeds in excess of the $620 million, the filing said.">>
I like what I hear too but have been around long enough to watch Erie with both eyes,,, |
