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

To: RocketMan who wrote (39248)	2/13/2000 7:38:00 PM
From: Harry Sharp	Read Replies (2) \| Respond to of 45548

How do you get Jan 02 ATMs at $15? I see $23, You apparently are looking at the puts. C JAN02 60.000 $23 1/4 SYM: WTHAL No one can yet confirm how the option will be adjusted to account for the PALM spin-off. Rest assured the option holders will not get "cheated" out of the PALM benefit.

To: RocketMan who wrote (39248)	2/13/2000 9:23:00 PM
From: Mang Cheng	Read Replies (2) \| Respond to of 45548

The following paragraph is from page 65 of the S1-A which talks about employee options. I thinkg the same will apply to regular leap options or other options : "Treatment of 3Com Options" "We intend to assume substantially all of the 3Com options held by our employees on the distribution date. As of December 31, 1999, our employees held options to purchase 3,389,784 shares of 3Com common stock at a weighted average exercise price per share of $29.36. The price of 3Com common stock on that date was $47.00. These assumed options are expected to convert at the distribution into options to purchase our common stock. The number of shares and the exercise price of 3Com options that convert into our options are expected to be adjusted using a conversion formula. The conversion formula is expected to be based on the opening per share price of our common stock on the first trading day after the distribution relative to the closing per share price of 3Com common stock on the last trading day before the distribution. The resulting options are expected to maintain the original vesting provisions and option periods." following the S1 link at the bottom of this page : 3com.com Mang