3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: JB who wrote (39317)	2/15/2000 10:02:00 AM
From: Alski	Read Replies (1) of 45548

JB, The option contract is still a valid contract after a reorganization. The impact is in the terms of the contract. Those terms are adjusted so as to be fair to both buyer and seller. They're adjusted by a third party (that mysterious committee) so fairness is assured. As to the "discrepancy between the reported 93% vs 80%," I don't really think there is a discrepancy. The 80% number came from the original S-1, which is kind of a trial balloon. As the details are firmed up, S-1/A's (A=ammendments) are filed that clarify those details. Think about it like this: S-1 - Gee, maybe we'll sell about 20% and keep 80% to distribute to COMS shareholders. S-1/A - OK, we figured it out now. We're going to sell 7% and keep 93% to distribute to COMS holders. Just forget about that original 20%/80% split we originally mentioned. FWIW...Alski

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