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

To: Harry Sharp who wrote (39293)	2/14/2000 6:43:00 PM
From: Mang Cheng	Respond to of 45548

Could this be the Apple/Palm from Apple ?? "Apple shares surge on product speculation" By Reuters Special to CNET News.com February 14, 2000, 1:55 p.m. PT Shares of Apple Computer jumped today amid speculation on Wall Street that chief executive Steve Jobs will unveil new products at Macworld Tokyo later this week. Jobs is scheduled to give a keynote address in Tokyo on Wednesday and analysts expect him to unveil some new products, possibly a new PowerBook laptop or a new stripped-down device designed just to access the Internet. At 1 p.m. PST, the close of regular trading, Apple was up $7.06, or about 6 percent, to $115.81. "Jobs is likely to make some sort of announcements around new products (refreshed PowerBook or some kind of new appliance-class device)," said Steve Fortuna, a Merrill Lynch analyst, in a note to clients. "We think Jobs may even use the opportunity to add some meat to Apple's Internet strategy." A spokeswoman for Apple declined to comment on what the company might announce at Macworld Tokyo. At Macworld in January, Jobs had been widely expected to unveil a new PowerBook, which is code-named Pismo, with an updated design and an easy-to-open case. Instead, Jobs announced that he would drop the "interim" that preceded his title as chief executive. He also announced a $200 million investment by the Cupertino, Calif.-based PC maker in EarthLink, which is now the default Internet service provider for Apple's Macintosh customers. Apple also revamped its Web site, offering new features for both Macintosh and non-Macintosh users, but analysts have said they expect that Apple plans to do more with its Net strategy. news.cnet.com Mang

To: Harry Sharp who wrote (39293)	2/14/2000 6:47:00 PM
From: Danny	Read Replies (3) \| Respond to of 45548

To all? Will COMS holders get additional PALM shares or they will get their shares "CONVERTED" to PALM shares? It seems that 3COM is going to issue 1.5 PALM share for every COMS share, the question is: do I a:) still get to keep the original COMS shares and have additinal PALM shares through distribution. or b:) I just simple elect to have either COMS shares or PALM shares. If "a" is true, it then seems that COMS will go to 75 at least for a very simple reason: Assume PALM will stay at 30 after IPO, and COMS tanks to 30 after spin-off, then 100 COMS at 75 = 150 PALM * 30 + 100 COMS * 30. And, with all the indication of PALM going to 40+ level, COMS should be traded at above 90 now. If "b" is true, it then seems that COMS is reasonably priced at mid 60 since 100 COMS at 65 = 150 PALM * 42. However, I wonder who would "NOT" want to switch to PALM since everyone knows COMS is going to tank after spin-off distribution. Anyone with a good explanation for this?