3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

0.0%

Nov 7 11:47 AM EST

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To: Harry Sharp who wrote (39293)	2/14/2000 6:47:00 PM
From: Danny	Read Replies (3) of 45548

To all? Will COMS holders get additional PALM shares or they will get their shares "CONVERTED" to PALM shares? It seems that 3COM is going to issue 1.5 PALM share for every COMS share, the question is: do I a:) still get to keep the original COMS shares and have additinal PALM shares through distribution. or b:) I just simple elect to have either COMS shares or PALM shares. If "a" is true, it then seems that COMS will go to 75 at least for a very simple reason: Assume PALM will stay at 30 after IPO, and COMS tanks to 30 after spin-off, then 100 COMS at 75 = 150 PALM * 30 + 100 COMS * 30. And, with all the indication of PALM going to 40+ level, COMS should be traded at above 90 now. If "b" is true, it then seems that COMS is reasonably priced at mid 60 since 100 COMS at 65 = 150 PALM * 42. However, I wonder who would "NOT" want to switch to PALM since everyone knows COMS is going to tank after spin-off distribution. Anyone with a good explanation for this?

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