3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

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Nov 7 11:47 AM EST

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To: FNS who wrote (38898)	2/4/2000 1:31:00 AM
From: Mang Cheng	Read Replies (1) of 45548

<I think if COMS sans Palm can survive and show increased rev in 1-2 QTRS then EB will distribute Palm shares...if COMS can't pull off a solo flight then EB holds PALM---simple as that!!! As long as COMS alone is viewed as a sinking ship, Palm stays on board! > FNS, I totally 100% DISAGREE with your above statements. COMS is spinning off Palm, simple as that. No conspiracy theory should be read into it. A successful ipo benefits ALL coms shareholders of which EB, the executive team and the BOD are the major ones. Even the coms' janitor will be laughing to the bank ! The clause about coms having the right to not distribut the shares are for : 1. to ensure a tax free distribution to us - do you want to pay Uncle Sam the full amount of tax on the Palm gain - right after Feb. 00 ??? 2. coms is leaving the way for another company to jump in after IPO to buyout coms and pockets the 80% Palm if the company is willing to pay a premium over and above "1.5 Palm / coms" combined value. Mang

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