..... but if the PALM shares that 3COM is free to distribute is only roughly 80% of the original total, that would be about 458,760,000 (.8 x 573,450,000) which leads to a ratio of about 1.31 PALM shares for each COMS share. That's what I was getting at in my questions at the end. Surely 3COM cann't distribute the shares reserved to cover employee options. Additionally an unknown number of shares will be needed to cover the options of 3COM employees that become PALM employees. Are these option shares added to, or subtracted from, the 532MM? I'm assuming they are to be subtracted.
I know I was one who said categorically that the ratio was simply the 532MM divided by the number of COMS shares, leading to a ratio of roughly 1.55. But then, finally, I read the S1, and now I'm not so sure.
Sorry, Andre, but some of us are interested, and it is on topic. |
