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Technology Stocks : 3Com Corporation (COMS)
COMS 0.001300.0%Nov 7 11:47 AM EST
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To: David E. Taylor who wrote (43165)5/9/2000 9:11:00 PM
From: David E. Taylor  Read Replies (1) of 45548
 
Thread:

Corrections to my previous post:

(1) The PALMv shares will trade on a "when-issued" market, while it's the COMSv shares that will trade on the "ex-distribution" market. If you sell any PALMv entitlement shares between the record date and the D-Date, the buyer gets the shares on D-Day. Can the buyer re-sell the PALMv entitlement shares prior to getting them? The Q&A don't say, but I guess so since there'll be a market in them.

(2) The PALM web site says in the "overview" that the PALMv and COMSv will trade between 7/11 and 7/27. The Q&A indicate that the PALMv and COMSv shares will trade from 7/7 (2 business days prior to the record date of 7/11 when the ratio will be fixed) through 7/27. I can't tell yet whether the 7/7 or 7/11 date is correct, presumably we'll find out sometime soon.

David T.
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