3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

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Jan 29 9:30 AM EST

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To: FaultLine who wrote (44412)	8/14/2000 7:53:24 PM
From: FNS	Read Replies (2) of 45548

tekflyer, <<till have to pay taxes on any profits above your cost basis when you sell someday, just as usual.>> I agree, but the purchase date of PALM to insure long term gain will have to coincide with purchase date of COMS shares upon which cost basis was adjusted on 7/27 to reflect PALM shares and it's appropriate cost basis. So if you purchase COMS shares on 6/30/97 and sold spinned PALM on 8/14/00 I assume you should use the date of 6/30/97 to reflect PALM 'purchase trade date' to insure a long term gain....if you use the 7/27/00 spin date you would incur instead a short term gain. I think this is correct...any accountants here? Additionally, PALM have get impacted again,TOMORROW, by CPQ's BLACKBERRY's PDA....using RIMM O/S - instead of Win C/E as in previous model...other models have also be announced!!! Sorry, don't have details at this time. More competition for PALM...and price war could start to develop! Thx in advance for comments. FNS

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