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: Sawtooth who wrote (39606)	2/21/2000 9:15:00 PM
From: David E. Taylor	Read Replies (2) of 45548

Sawtooth: I've long thought that EB's and COMS salvation would be a buyout, since there are parts of the networking business (which MA reminds us of frequently) that in the right management hands could be valuable revenue producers. But how to sell COMS when it's trading between 20 and 30? Even with a decent premium, EB would be lucky to get 40 or so from a buyer. There are (or were before the 175 million shares exchanged over the last two weeks) a ton of COMS shareholders with a cost basis of well over 40 who would sue the heck out of EB and COMS if they got sold up the river for less than their cost basis. So how to keep everyone happy? Spin off PALM and give all COMS shareholders a nice fat bonus, then sell what's left as soon as possible for say $35/share (I do like that number!). Who's going to complain about that deal? David T.

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