3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

0.0%

Jan 16 9:30 AM EST

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To: David E. Taylor who wrote (43727)	7/6/2000 6:58:15 PM
From: Mang Cheng	Read Replies (2) of 45548

David, I have already recevied a formal letter from my broker confirming the distribution, it says "we have received notification that the company has declared a stock distribution, which is effected by the issuance to sharesholders as of record date, three common shares of Palm for every two common shares of 3 Com held. Cash will be paid in lieu of fractional shares". Notice that the ratio is fixed and they use the term "stock distribution" instead of "stock dividend" now. Option holders will be able to get this "stock distribution", whereas usually option holders do not get the "dividend". Finally they are using the right term which had kept me quite nervous for a while. The FAQ writer really need to be re-educated. Mang

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