Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mr.mark who wrote (39641)	2/22/2000 8:17:00 AM
From: Joe Gun	Respond to of 45548

California Technology Stock Letter Comments on 3Com Feb 18, 2000...... 3Com soared higher as people become more enthusiastic about the upcoming Palm IPO on February 28th. The people buying the stock have assumed the Palm IPO will be a guaranteed success and are seeking the only way in ?through being an existing shareholder of COMS before the IPO. Leading analysts tend to agree,remarking that the Palm IPO may in fact turn out to be the most successful IPO in market history. Obviously,we caught this one just right last year and the question is whether it is time to take profits. Each share of COMS will be entitled to a little over 1.5 shares of PALM when the spin off happens in August. If PALM comes public at $16 and just sits there,it is worth $24 a COMS share. We think the datacom portion of COMS can be sold to Ericsson, Alcatel or Siemens for about $40,so at $64 COMS is just discounting the public offering. PALM doubles to $32 as seems likely,COMS should sell for $88.If Palm goes to $48,COMS is worth $112.The highest number we have seen projected for PALM is $100 a share,which would make COMS worth $190 ? in your dreams! Hold COMS at least until the Palm IPO.