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

To: sunfish who wrote (40936)	3/2/2000 3:35:00 PM
From: kennbill	Read Replies (1) \| Respond to of 45548

JMO.. but would it be clearer today if he said... we are going to distribute the shares by 12/1/00 given that the IRS gives us a favorable tax clearance (as if this is the first time a spin-off has happened) on both the distribution and other matters were can't disclose today.. And then when they announce the distribution date there is also an announcement that the rest of COMS has been sold to XYZ co for BIg $$. I really don't care if I get value for PALM through a total distribution or a majority distribution and COMS retains some of PALM to sweeten a sale.... look at CS and NN lately, COMS won't be going it alone for long.. Look at Mehrdad's last post on his valuations.. you will see why I've been holding and will continue to do so.. (Insert COWS for PALM where appropriate and go ahead and call me crazy,,, I've been here long enough to be so :-)

To: sunfish who wrote (40936)	3/2/2000 3:47:00 PM
From: miklosh	Read Replies (1) \| Respond to of 45548

Sunfish. Looking at todays coms chart, what you say makes sense. Why else would coms hold steady until 11:30 and then fall off a cliff? Either a price of much more than $100 for the palm ipo was already factored into coms price (which I doubt), or like you say, the street is confusing the ipo and ex dividend (distribution) date. If people posting on this thread are confused about the distribution date, imagine what the average investor who only listens to cnnfn or bloomberg must think. The MM's are having a field day with arbitration and it's in their best interest to see that this confusion sustains itself as long as possible, so that the magnitude of the discounted price of coms will be painfully slow to narrow. EB didn't help much either, with his winning smile and blathering about tax consequences. I still think the street will take a little longer to digest the math, and if palm goes down x dollars over the next while, coms will go down (x + y) as a result of public sentiment that coms is a DOG. All this adds up to a buying opportunity for coms assuming 2 things: 1)palm is valued above $38 on distribution 2)EB can be trusted to spin off shares as planned at 1:1.5 ratio. #2) worries me.