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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: London Brian who wrote (1199)	1/16/2000 9:48:00 PM
From: DM	Respond to of 8096

Brian, The way I understood it, people who owned options on 3COM would not receive shares of the PALM. The options would be treated as if the stock split. EX. say it equals a 2:1 split, the number of options would double, strike price would and cost of options would split. However I could be wrong, will check further. DM

To: London Brian who wrote (1199)	1/16/2000 10:21:00 PM
From: taxman	Read Replies (1) \| Respond to of 8096

it is my understanding that if you sell one call option on coms at a 40 strike and prior to expiration coms distributes x shares of palm to the coms shareholders for each coms share held, you would be obligated to deliver 100 shares of coms and 100x shares of palm for 4,000 dollars if the option gets exercised. regards

To: London Brian who wrote (1199)	1/17/2000 8:23:00 AM
From: AmericanVoter	Read Replies (2) \| Respond to of 8096

question, if PALM's IPO is scheduled for 1/31, is that the same time PALM shares will be given to COMS holders ...! best regards amein

To: London Brian who wrote (1199)	1/17/2000 11:07:00 AM
From: RocketMan	Read Replies (3) \| Respond to of 8096

I bought coms calls with the idea that I would get the appreciation from the pre-IPO runup on COMS, something which has yet to happen. I still don't know what would happen to the calls post-IPO, but I assume that COMS would drop after that, although that depends on when the PALM shares would be given out to stockholders. So my idea is to close the calls and exchange them for either COMS or PALM shares, depending on which is more lucrative. Any ideas would be welcome.