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

To: jyoung0071 who wrote (38555)	1/28/2000 8:13:00 PM
From: Mang Cheng	Respond to of 45548

Don't worry about record for now - it's totally immaterial at this time - and it's a whole seven to eight months from now. In the meantime, enjoy the coms ride up. Here are more info. about the 724 ipo - a pre-show warm up bout for the real Palm ipo. "724 Solutions stock could soar Monday with initial public offering, observers say " TORONTO, Jan 28, 2000 (The Canadian Press via COMTEX) -- The publicity buzz is getting louder for 724 Solutions Inc. before the wireless Internet company begins its initial public offering Monday. Private placement of six million common shares in the U.S. and Canada began today at $26 US ($37.29) each, up from the original range of $11 to $13 US. Analysts say Toronto-based 724 will be propelled by the healthy appetite among investors for high-tech IPOs, particularly companies such as 724 that do business in the red-hot Internet and wireless communications markets. 724 is expected to start trading to the public Monday on the Toronto and Nasdaq stock markets. Stephen Lacey, managing editor with IPO Reporter in New York, said 724's leading-edge technology, well-known customers and blue-chip financial backers make it the most attractive of the many IPOs hitting the market this week. ''If 724 opened at triple-digits, I wouldn't be surprised,'' he said. ''They are a really good proxy for the wireless IPOs that are coming, most notably (3Com Inc.'s) Palm Computing IPO.'' The company will sell a 16.9 per cent stake to the public and raise as much as $179.4 million if an overallotment clause is exercised by the underwriters, which include Credit Suisse First Boston Corp., Nesbitt Burns Inc. and RBC Dominion Securities Inc. 724's software lets banks and financial institutions offer Web services to customers using wireless phones and other handheld devices. The company was started in 1997 by Christopher Erickson and Greg Wolfond, who hit the jackpot in 1995 when he sold Footprint Software Inc. to IBM for $50 million. Wolfond, 38, is the largest shareholder, with a 27.2 per cent stake. Finland's Sonera Corp. and New York-based CitiGroup Inc. own 21.8 per cent each, Bank of Montreal owns 11.7 per cent and Charlotte, N.C.-based Bank of America Corp. has 10.9 per cent. (Globe and Mail-Canadian Press) andovernews.com Mang