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

To: Terrapin who wrote (38523)	1/28/2000 4:47:00 PM
From: mr.mark	Read Replies (2) \| Respond to of 45548

so 23 million is 20% of PALM. that means 92 million (the other 80%) get distributed to 340 million outstanding? so it's about a 1:4 ratio of 1 share of PALM for 4 shares COMS. anyone agree?

To: Terrapin who wrote (38523)	1/28/2000 4:53:00 PM
From: jim bender	Read Replies (1) \| Respond to of 45548

>>Of that, 530 million shares will be held by 3Com, the filing said. The company plans to divest of its holdings within six months by distributing the shares to 3Com shareholders. cool/jim

To: Terrapin who wrote (38523)	1/28/2000 4:56:00 PM
From: David Chang	Read Replies (2) \| Respond to of 45548

PALM potentially can contribute $48-$144 to 3Com stock price. Base on the 530 million of PALM shares that 3Com will hold after ipo and 350 million of 3Com shares outstanding today. The spin-off ratio will be about 1.5 PALM shares to every 3Com share. Assuming that PALM is priced at $16 and, after ipo, it appreciate anywhere from 200% to 600%, then each PALM share will be anywhere from $32 to $96. At 1.5 ratio, PALM will add $48 to $144 to 3Com share. Someone pls check my math.