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


To: KevRupert who wrote (39667)2/22/2000 11:43:00 PM
From: russn  Read Replies (3) | Respond to of 45548
 
i for one worry about this. if EB is as terrible as capt jack says, anything could happen.



To: KevRupert who wrote (39667)2/23/2000 11:31:00 AM
From: David E. Taylor  Read Replies (3) | Respond to of 45548
 
Advalorem and thread:

Relax folks. Compare the following statements:

Page 26 of the PALM S-1/A:

The Distribution by 3Com of Our Common Stock

After completion of this offering and the private placements, 3Com will own
approximately 93.3% of the outstanding shares of our common stock, or
approximately 92.8% if the underwriters fully exercise their option to purchase
additional shares. 3Com currently plans to complete its divestiture of Palm
approximately six months after this offering by distributing all of its shares
of our common stock to the holders of 3Com's common stock. However,
3Com is not obligated to complete the distribution, and we cannot assure
you as to whether or when it will occur.

3Com has advised us that it would not complete the distribution if its board
of directors determines that the distribution is no longer in the best interest
of 3Com and its stockholders. 3Com has further advised us that it currently
expects that the principal factors that it would consider in determining
whether and when to complete the distribution include:

. the relative market prices of our common stock and 3Com's common stock;

. the issuance by the Internal Revenue Service of a ruling that the
distribution will be tax-free to 3Com stockholders and that the
transaction will qualify as a reorganization for United States federal
income tax purposes;

. the absence of any court orders or regulations prohibiting or
restricting the completion of the distribution; and

. other conditions affecting our business or 3Com's business.

Page 23 of the Agilent S-1/A:

The Distribution by Hewlett-Packard of Our Common Stock

After completion of this offering, Hewlett-Packard will own approximately
85.4% of the outstanding shares of our common stock, or approximately 84.1% if
the U.S. underwriters exercise their over-allotment option in full. Hewlett-
Packard has announced that it currently plans to complete its divestiture of
our company by the middle of calendar year 2000 by distributing all of its
shares of our common stock to the holders of Hewlett-Packard's common stock.
However, Hewlett-Packard is not obligated to complete the distribution, and we
cannot assure you as to whether or when it will occur. See "Risk Factors--
Risks Related To Our Separation From Hewlett-Packard--Our business may suffer
if Hewlett-Packard does not complete its distribution of our common stock."

Hewlett-Packard has advised us that it would not complete the distribution
if its board of directors determines that the distribution is no longer in the
best interest of Hewlett-Packard and its stockholders. Hewlett-Packard has
further advised us that it currently expects that the principal factors that
it would consider in determining whether and when to complete the distribution
include:

. the relative market prices of our common stock and Hewlett-Packard's
common stock;

. the absence of any court orders or regulations prohibiting or
restricting the completion of the distribution; and

. other conditions affecting the businesses of Agilent Technologies or
Hewlett-Packard.

Aplogies for the formatting, I just cut/paste this stuff directly from the S-1/A's. Get it? Just legal boiler plate , common to virtually all S-1's. I wish some of these commentators would do their homework -- this is like the press reports that CSCO's growth was slowing based on a warning footnote in the 10Q, which turned out to have been present in virtually every 10Q CSCO ever filed.

Again, relax. No way are COMS/EB going to disappear into the hills with all the PALM stock. We'll all get our bonus, at a time of our own choosing, i.e. whenever we as individuals decide to bale out.

David T.