PALM - The rebirth of Palm Inc. Message Board

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Technology Stocks : PALM - The rebirth of Palm Inc.

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To: KevRupert who wrote (908)	7/26/2000 8:50:25 PM
From: KevRupert	Read Replies (2) of 6784

Generic Spinoff Article: cbs.marketwatch.com 3Com to distribute remaining Palm shares By Jody Brennan, CBS MarketWatch.com Last Update: 7:27 PM ET Jul 26, 2000 NewsWatch Latest headlines SANTA CLARA, Calif. -- 3Com late Thursday will finally distribute 532 million Palm, Inc. shares to its shareholders on record as of close of market that day. Last month 3Com (COMS: news, msgs) announced that the final distribution ratio is approximately 1.48 shares of Palm (PALM: news, msgs) for every share of 3Com. "A lot of shares will hit the public market, so I think there could be some selling pressure, possibly in the near term," said Chris Sessing an analyst at Crowell Weedon in Los Angeles. "But it's unlocking some value and we like the spin-off.".........

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