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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Steve Grabczyk who wrote (10345)	2/26/2000 9:42:00 AM
From: Bernie Goldberg	Read Replies (1) \| Respond to of 18928

Hi, I would be curious as to how COMS over the last 3yrs would work with that approach. Bernie

To: Steve Grabczyk who wrote (10345)	2/26/2000 10:27:00 AM
From: Bernie Goldberg	Read Replies (1) \| Respond to of 18928

Hi, Hope you still have some COMS left. Palm (PALM) Expected IPO date: March 2 Proposed offering price: $14-$16 Shares offered: 23 million Offering amount: $345 million Post-offering shares: 570 million Lead underwriter: Goldman Sachs Summary: With this offering, 3Com (COMS) is sending its wholly owned Palm subsidiary out on its own. Palm has thus far cornered the handheld market, with over 70% of the market. Its newest model, the Palm VII, incorporates wireless Internet access, utilizing the Palm OS operating system, which the company also licenses to third parties. Following the offering, 3Com will hold a 93% stake in the company. Competitors: Microsoft (MSFT), Casio Computer (CSIOY) Hewlett Packard (HWP), Compaq (CPQ), Handspring Revenue (six months ended November 26): $435 million Net income (six months ended November 26): $22.5 million Take the middle number which is unrealisticly low and you add 4 billion to COMS market cap. 3COM still will hold over 90% of PALM. This is why COMS price is up 70 -80% since 1/1/2000. IMO the price of PALM is going to be much higher than the offering price.