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: Sawtooth who wrote (39553)	2/21/2000 10:32:00 AM
From: Bobo	Read Replies (2) of 45548

A note regarding Palm IPO and post-IPO trading... A veteran Goldman broker I spoke to noted that the Palm IPO is "white-hot". Between now and the IPO day, it is likely that the offering price will be raised to the $20's. He expects that Palm will likely trade north of $100. I guess alot of this depends on the tech market the week of 2/28. I am not trying to hype COMS but I am pretty long the stock. I am simply trying to point out that risk/reward for holding into the IPO still seems pretty good even at $70. A Palm price of $100 equates to $156 in COMS plus any value to the NW business. I am sure that some spread will exist between the intrinsic Palm value in COMS and the trading price but triple digits for COMS does not seem a stretch at all. The irony of all this is that it seems wacky for Palm to trade at $60bb in market cap but I have left my rational thoughts behind in this market. In current conditions it will be simple: Palm is the leading PDA vendor and potentially on the verge of becoming a defacto OS for new internet devices. It deserves to be a $100 stock. Making any more complicated than that in today's market is simply not worth it.

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