COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

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Nov 7 11:47 AM EST

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To: DMaA who wrote (20141)	2/28/2000 5:43:00 PM
From: Moonray	of 22053

3Com's Palm Doubles Expected Price of IPO Shares to $30-$32 Santa Clara, California, Feb. 28 (Bloomberg) -- 3Com Corp.'s Palm Inc. electronic organizer unit doubled the expected price of the shares it plans to sell in its Wednesday IPO to $30-to-$32, giving the company a market value of as much as $18 billion. Palm now expects to raise as much as $736 million for the 23 million shares, or 4 percent stake, it will sell to investors in a transaction led by Goldman, Sachs & Co. Palm had planned to sell the shares at $14 to $16 each, raising as much as $368 million. Palm will trade under the symbol PALM on the Nasdaq Stock Market. Morgan Stanley Dean Witter & Co., Merrill Lynch & Co., and Robertson Stephens are assisting in the sale. o~~~ O

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