3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-13.3%

Nov 7 11:47 AM EST

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To: Mang Cheng who wrote (43123)	5/9/2000 12:56:00 PM
From: DMaA	Read Replies (2) of 45548

If I read this alert sent out by Schwab correctly,(and the facts in it are correct) COMS is actually reducing the number of shares they are committing to buy back: Shares in 3COM CORP (48-1/8, up 4-7/16 @ 9:51 am ET) rose in pre-opening trade Tuesday after the computer networking company authorized a $1 bln stock buyback. 3Com said Monday it would buy back up to $1 bln worth of common stock. The plan replaces authorization for the buyback totaling 45 mln shares. 3Com also said it would distribute all its shares in its spun-off PALM INC as a tax-free stock dividend on July 27 to shareholders of recordon July 11. $1 bln @ $50/share buys 20 million shares doesn't it? This plan replaces one to buy back 45mln shares?

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