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Technology Stocks : 3Com Corporation (COMS)
COMS 0.001300.0%Dec 18 4:00 PM EST

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To: Robohogs who wrote (43241)5/13/2000 7:23:00 PM
From: KevRupert  Read Replies (2) of 45548
 
David E. Taylor & everyone,

Thanks for all of your insightful analysis on the stock & arbitrage possibilities!

For those of us who want the Palm shares, holding onto Coms will be interesting in the next few weeks!

I really can't see any reason why Palm shouldn't continue to fall into the mid-teens before July. Nobody with any knowledge of the situation has any reason to purchase Palm right now. Coms offers a better value, with only a 2 month wait for the spinoff. If nobody buys Palm, then more downside on Coms. Never ending cycle until the end of July.

The bottom line, in my opinion, is Goldman decided to offer only 4-5% of Palm in the IPO. That has caused this situation. That is a key issue that has been addressed in the WSJ, but not enough by individual investors. If another strategy had been implemented (i.e., more shares of Palm in the IPO process), then the negative ramifications of the pending Palm spinoff would not exist.

Thanks again.

Just my opinion,

Respectfully, advalorem
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