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

To: unctarheel who wrote (40545)	3/1/2000 4:36:00 PM
From: mr.mark	Respond to of 45548

tom petty said the waiting is the hardest part. dude must have owned COMS.

To: unctarheel who wrote (40545)	3/1/2000 4:43:00 PM
From: Mang Cheng	Read Replies (1) \| Respond to of 45548

"3Com Up 9%; Stock Seen As Way To Get Into Palm Unit IPO" Dow Jones Newswires -- March 1, 2000 By Beth M. Mantz NEW YORK -- Investors scrambled to snatch up shares of 3Com Corp. (COMS) Wednesday morning as a way to get their hands on the highly anticipated initial shares of the company's Palm unit. The Palm IPO is scheduled for debut Thursday through underwriters led by Goldman Sachs. The price talk for the new issue recently was raised to $30 to $32 a share from $14 to $16 a share. The offering will sell 23 million shares, or a 4% stake, to the public, and 7.3 million shares, or a 1% stake, to America Online Inc. (AOL), Nokia (NOK) and Motorola Inc. (MOT) in a private placement. "Unless you are a major institutional customer, you cannot get any of Palm's shares," said Peter Lieu, an analyst at Needham & Co. Palm "shares are 10 times oversubscribed, and people are begging for these shares." So, they look for alternative routes and the path of choice is buying 3Com shares. If a person becomes a 3Com shareholder today, this new 3Com investor will receive Palm shares when 3Com distributes them in the future, according to Lieu. To date, 3Com hasn't announced the distribution terms, 3Com "investors will get Palm shares in about two quarters from now," Lieu said, so the Palm stock can "fully benefit from excellent growth and tech dominance." 3Com representatives weren't immediately available for comment. Shares of 3Com recently changed hands at 106, up 8, or 8.2%, on composite volume of 32 million shares, compared with average daily volume of 10.5 million shares. Earlier Wednesday, the shares traded as high as 119 3/4, a 52-week high; the previous high of 100 was set Tuesday. -Beth M. Mantz; Dow Jones Newswires; 201-938-5393 Mang connect.ab.ca From: Mark Iguchi: I put together a website that we can point newbies to the PALM/COMS frenzy towards... m2im.com