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To: AmericanVoter who wrote (1226)	1/17/2000 6:47:00 PM
From: taxman	Read Replies (1) \| Respond to of 8096

it is my understanding that if palm is spun off as a tax free distribution to coms shareholders, the coms shareholders would have to allocate their coms basis between coms and palm on the basis of their relative fair market value just after the time of distribution. this is a very complex part of tax law and this is off the cuff so to speak. in any event the tax consequences should be found in the sec documents when filed. if i am correct and coms is purchased at 100 before the distribution and just after coms and palm are each worth 50, your basis for gain or loss would be 50 for coms and 50 for palm. you might confirm by calling the coms tax director. i may have the transaction miscast. regards