3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

0.0%

Dec 18 4:00 PM EST

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To: Sonki who wrote (43134)	5/8/2000 9:39:00 PM
From: Mark Iguchi	Read Replies (1) of 45548

Yes, that's exactly what it means... what does this mean? every coms gets 1.5 palm. And also hold coms? (ofcourse at a different value?) Hold your shares until July 27th and you will receive ~1.5 PALM for every 1 COMS you own. But as an added benefit, 3Com will be buying back $1 Billion of their own shares, which will effectively raise earnings per share over 10+%. Considering their price to earnings ratio is already fairly valued, along with $3 Billion in cash/investments, an effective absolute "floor" of 1.5 PALM (currently $48), products which are well positioned in emerging markets, and a new logo (!)... ...Bottom Line: You're staring at an incredible value here.

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