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

To: mr.mark who wrote (39312)	2/14/2000 9:31:00 PM
From: Alski	Read Replies (1) \| Respond to of 45548

mark, "it would be quite extraordinary if one had to own COMS on the date the PALM shares were distributed." Well, not really. Again, the PALM distribution is NOT an ordinary dividend. The way this (and splits) works is, shares sold between the date of record and the ex-div date will be sold with a certificate (I forget what it's called) that entitles the COMS buyer to the PALM shares when distributed. Brokers take care of this quite automatically. It's really a good thing, otherwise it would be impossible to sell your PALM assets between the DOR and ex-div. They won't lock up assets like that. Net effect is, if you want to own PALM shares then, yes, you have to hold your COMS until the actual distribution. FWIW...Alski