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: kcmike who wrote (39309)	2/14/2000 8:46:00 PM
From: Mark Iguchi	Read Replies (1) of 45548

As it stands right now, over 40% of COMS shares are held by institutions. With 23 million in PALM's float, I suspect institutions that want to be "in" PALM will end up purchasing 3Com between now and distribution date. Institutional holdings will lessen the impact, I think... I'm sure insiders would also be subject to some sort of a unwritten "lock-up": (How good would it look if Carl or Eric dumped all their shares on distribution date?). In addition, PALM will have to keep some shares within their treasury for their employee's stock purchase and stock option plans. Of course there will be me, with my 5 shares of PALM :) that won't be part of the selling that day. I would imagine that the anticipation for distribution date (starting a couple weeks beforehand) will itself bring the price of PALM/COMS to equillibrium... Holding my COMS/PALM>.. Mark

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