Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: FNS who wrote (38898)	2/4/2000 1:31:00 AM
From: Mang Cheng	Read Replies (1) \| Respond to of 45548

<I think if COMS sans Palm can survive and show increased rev in 1-2 QTRS then EB will distribute Palm shares...if COMS can't pull off a solo flight then EB holds PALM---simple as that!!! As long as COMS alone is viewed as a sinking ship, Palm stays on board! > FNS, I totally 100% DISAGREE with your above statements. COMS is spinning off Palm, simple as that. No conspiracy theory should be read into it. A successful ipo benefits ALL coms shareholders of which EB, the executive team and the BOD are the major ones. Even the coms' janitor will be laughing to the bank ! The clause about coms having the right to not distribut the shares are for : 1. to ensure a tax free distribution to us - do you want to pay Uncle Sam the full amount of tax on the Palm gain - right after Feb. 00 ??? 2. coms is leaving the way for another company to jump in after IPO to buyout coms and pockets the 80% Palm if the company is willing to pay a premium over and above "1.5 Palm / coms" combined value. Mang

To: FNS who wrote (38898)	2/4/2000 1:31:00 AM
From: dav	Respond to of 45548

numbers numbers, help out please : Assume at the time of spin off, COMS hits $100 and PALM then, say, $70, what price will COMS drop to once spin off is recorded ? Is this a must thing according to the mathematical rules or depends on the market reactions ? thanks David

To: FNS who wrote (38898)	2/4/2000 1:49:00 AM
From: mr.mark	Respond to of 45548

FNS, re... "As long as COMS alone is viewed as a sinking ship, Palm stays on board!" ... great read, but i don't share it. here's why. credibility. if benhamou really is righting the COMS ship, he must know that there is damage control to be done in the credibility department. and a move such as the one you've outlined would propel benhamou so far back into the wasteland of broken promises and missed opportunities that nothing could ever be salvaged. of course, as dennis miller would say, that's just my opinion, i could be wrong! :) mark

To: FNS who wrote (38898)	2/4/2000 10:17:00 AM
From: The Phoenix	Read Replies (3) \| Respond to of 45548

FNS, First let me go on record as saying that I think you're absolutely right... about.. Basically, he's protecting his a$$, and rightfully so! I think if COMS sans Palm can survive and show increased rev in 1-2 QTRS then EB will distribute Palm shares...if COMS can't pull off a solo flight then EB holds PALM---simple as that!!! As long as COMS alone is viewed as a sinking ship, Palm stays on board! When COMS can fly SOLO, PALM shares will be distributed and BOTH PALM and COMS will fly! The only thing I'd add is that if EB can't get the COMS business off the ground that the PALM holding makes a purchase more attractive. And if COMS is purchased the suitor may indeed not want to let the PALM shares go. He protects that possibility as well. Second... on a TA note. Did you notice all the air under this pup. No support all the way to 46. 45 (which I don't expect us to see again would be a very bad sign... but either way there's lots of room to move around between here and there. COMS needs to work a base in here. A pull back to 54 would be very healthy. OG