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

To: cordob who wrote (41096)	3/2/2000 9:55:00 PM
From: Dennis C	Read Replies (3) \| Respond to of 45548

Distribution confirmed by 3COM! Santa Clara, Calif. ? March 2, 2000 ? 3Com Corporation (Nasdaq: COMS). Following today's successful initial public offering of stock in Palm, Inc., 3Com reconfirmed its intention to complete a spin-off of the remaining shares of Palm owned by 3Com in approximately six months. 3Com owns approximately 532 million shares, or approximately 95%, of Palm. There are currently approximately 349 million shares of 3Com common stock outstanding. Final approval of such distribution will be made by 3Com's board of directors based on the number of shares outstanding of each company at the time of the distribution. However, if such ratio were to be calculated based on today's outstanding shares, 3Com shareholders holding 3Com stock as of the distribution date would be eligible to receive approximately 1.5 shares of Palm for each share of 3Com. The Palm initial public offering will close on Tuesday, March 7.