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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (4808)	11/12/1999 7:21:00 AM
From: Bill Wexler	Read Replies (5) \| Respond to of 10293

COMS - needs to be looked at...STRONG BUY I was intrigued because Mr. P$nk has been keen on the stock lately. COMS stock hasn't been doing anything in the last few years in the shadow of Cisco. However the balance sheet is clean, loaded with cash, and the core business seems to be turning around smartly. The real kicker here is the Palm IPO, where 80% of the outstanding shares will be distributed to existing COMS shareholders. I'm a big fan of Palm (I own two Palm Vs and will definitely continue upgrading). Mr. P. thinks this could be a "monster" deal and I concur 100%. Palm has been firing on all cylinders - and they have been smart from the outset by licensing the O/S and establishing excellent developer support. The handheld market is just about locked up by these guys and significant deals for other devices are in the works. COMS closed today at 34. Back out $5 in cash and conservatively value the Palm component at $20 a share (though I think it is worth more), that means you pay $9 a share for the rest of the company. I believe $40-50 a share is a layup...and the potential for the Palm spinoff is simply astronomical beyond the planned IPO (Jan. 2000). What's even more exciting is that there is still a huge wall of worry around the stock due to concerns about past performance which IMO are completely moot looking forward. This has kept the stock price reasonable. It won't be for long. A big, big buy.