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Technology Stocks : 3Com Corporation (COMS)
COMS 0.00150-28.6%Dec 11 9:30 AM EST

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To: wolfdog2 who wrote (43308)5/21/2000 5:51:00 PM
From: Allen Furlan  Read Replies (1) of 45548
 
From WSJ "Some analysts have expressed concern that the option adjustment could result in massive dilution of 3Com, by issuing hundreds of millions of new options. Chris Paisley, 3Com's CFO ,said in an interview that the share repurchase program is intended to mitigate the dilution"
So that's were 1 billion of cash will indirectly end up, in insiders pockets. Of course 3Com stock will be dumped after Palm distribution. IMHO the current value of 3Com reflects an anticipated value of 3Com post distribution of around 10 bucks, at least in the first few weeks after distribution.
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