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

To: Lucky888 who wrote (39460)	2/17/2000 6:48:00 PM
From: Mehrdad Arya	Read Replies (1) \| Respond to of 45548

Lucky888, any institutional investor that understands the markets would be a fool to short 3Com ten days before the IPO, especially when there will only be a limited number of shares floated. Of the 570 million shares outstanding only 4% will be available to the public, that is 23 million shares. According to my broker it is near to impossible for anyone to get more than a small allotment, even if you have $10+ million in your account. That is enough to manifest a paroxysm in the initial opening of the Palm IPO. I surmise the initial price to move closer to $25 and expect a closing closer to $50. That would give the Palm a market cap. greater than 3Com's current valuation. I know it sounds absurd but this is what is happening with most of the other IPO's. Caveat - In most IPO's I recommend that anyone wishing to know the level of security in their investment to notice the difference in what is Floated and what is Outstanding. It is absolutely shocking to see how vulnerable most of these stocks are in the face of internal manipulation. Caveat Emptor!!!!!!!!!!!!!!