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

To: Jon Koplik who wrote (39223)	2/13/2000 12:23:00 AM
From: Ian	Respond to of 45548

Where was the NYT and the Street in September when the spinoff was first officially announced? I was on vacation in Florence when I logged on and saw the news and congratulated myself for owning COMS. As I recall, there wasn't much of a pop after the announcement when it didn't take a rocket scientist to know that it was going to be HUGE. My point is that this thing has been a no-brainer since September. Ian

To: Jon Koplik who wrote (39223)	2/13/2000 7:44:00 AM
From: Sly_	Read Replies (2) \| Respond to of 45548

I always thought that once the IPO happened, the parent company tanked? Why then would 3com "take off" after the IPO? This is not a negative post, I am considering investing in 3com and seeking information. Thanks, Sly_

To: Jon Koplik who wrote (39223)	2/13/2000 10:40:00 AM
From: David E. Taylor	Respond to of 45548

Jon: I figured that this weekend (or next at the latest) either Barron's or NYT would run an article like this. I even E-Mailed a 3 page write up along these lines to all three publications earlier this week. (I was going to send the same thing to CNBC, but my broker talked me out of it, said Ron Insana & Co. would find some way to put a negative spin on it). The only inaccurate part of the NYT article is the 4/5ths/80% owned by COMS part, which comes from the initial S-1 filing. The revised S-1/A is explicit in that only 23 million shares will be offered in the IPO, plus a possible 3,450,000 over allotment which the underwriters will almost certainly take. Backing out the 15 million shares for NOK/AOL/MOT leaves 532 million shares, or 92.8%, for us, the long suffering COMS shareholders. There were a couple of additional insights in the NYT article: (1) some fund managers (and presumably some individual investors/short term traders) will be looking to buy PALM directly and not wait for the August distribution, (2) some of the smarter funds are holding/buying COMS. It was noteworthy that of the 15 million shares traded on Thursday, over 80% were bought by institutions in large blocks over 10,000. When the big guys step in, things really move. Now the NYT article will attract the attention of all the individual investors who haven't as yet latched onto this coming bonanza. I truly hope that everyone on this thread is already loaded to the brim with as much COMS as they want, because Monday could see the beginning of a mass stampede for the entrance, and the price of admittance to this spectacle will begin to skyrocket. Let the auction begin! David T.