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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (20161)	2/29/2000 8:58:00 AM
From: David Lawrence	Read Replies (1) \| Respond to of 22053

I don't think so. I'm thinking more in terms of PALM's trading price, which has relatively little bearing on its offering price. If, by some stretch of the imagination, PALM soars to $200 - will COMS track it to $300, given the purported 1.5:1 distribution ratio? Sure, COMS will be discounted, but there is still the value of COMS sans PALM remaining. If, repeat, if the final distribution ratio can be determined, and if there is a large discount, the arbs will have a field day shorting PALM against long COMS positions.