Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Souze who wrote (41583)	3/11/2000 10:02:00 AM
From: David E. Taylor	Read Replies (2) \| Respond to of 45548

Souze: The short answer is that EB/COMS don't need shareholder approval to issue stock and acquire other companies for stock or stock + cash. The COMS BOD would have to vote on any major (or minor for that matter) acquisition, but not the shareholders. Our only voice in such matters is through the BOD. OTOH, if it was a merger, it would require shareholder approval from COMS shareholders, just like the COMS/USRX merger did. And you're right on the 990 million shares authorized, I noted that here a couple of days ago. With 350 million COMS shares outstanding, that leaves 640 million for EB to play the acquisition game with, as well as a chunk of cash and securities. David T.