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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

+1,200.1%

Nov 7 11:47 AM EST

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To: Z268 who wrote (40621)	3/1/2000 9:42:00 PM
From: serious_stuff	Read Replies (1) of 45548

Green shoe: The underwriters in the Palm ipo have negotiated an arrangement with Palm, called the green shoe. This is standard in virtually every IPO, and is basically a windfall for the bankers if the deal takes off. The way it works: the underwrites have the option to buy up to 3.5 million shares 30 days after the ipo from the company. Big deal? Yes, because their option is to buy it at the offering price (ie, $38/share). So Goldman, MSDW and the other bankers are going to be working damn hard to make sure that come April 2 the Palm price is as high as they can make it. Sorry if everyone already knew all this...

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