SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : 3Com Corporation (COMS)
COMS 0.00130-13.3%Nov 7 11:47 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: David E. Taylor who wrote (43251)5/18/2000 7:12:00 PM
From: KevRupert  Read Replies (2) of 45548
 
David,

I know there is a restriction on any takeover of "coms" or "palm", due to the tax-free spin-off of "palm" from "coms". The restriction would cause a taxable event for "coms", if the capital restructuring is done too soon - according to the IRS rulings.

Is there, however, any IRS ruling which would prohibit an accumulation of "palm" or "coms" stock? (i.e., a 30-40% stake - not a takeover, but yet a significant position).

I would think that if "nok" or any of the wireless players thought that "palm" was a steal at these prices, that such an event would not be that unlikely.

Appreciate any info. Assuming you have any info on this hypothetical situation. Thanks.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News