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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: opalapril who wrote (33905)	9/13/1999 12:46:00 PM
From: Dennis C	Read Replies (2) \| Respond to of 45548

3Com Corp (COMS) Upgraded to from Analyst: Megan Graham-Hackett Comments: Announces plan to spin off Palm unit in public offering early '00.. 2-stage offering begins with 20% of Palm spun off to shareholders, followed by 2nd stage 6 months later for rest... Co. says action spurred by Palm reaching "critical mass", with annual revenues roughly $570 million... Palm attractive as stand alone since only publicly traded hand held computing co... Believe current valuation of COMS does not fully reflect Palm's value, and with co.'s new ability to better focus on its networking equipment core, view shares as attractive