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: Mehrdad Arya who wrote (41679)	3/11/2000 2:56:00 PM
From: STEVE	Read Replies (1) \| Respond to of 45548

Mehrdad, do you have an exit strategy before/after the distribution or do you plan on holding both issues for the long term?

To: Mehrdad Arya who wrote (41679)	3/11/2000 3:48:00 PM
From: Sr K	Read Replies (1) \| Respond to of 45548

I see 783,875 shares of Series C Preferred as of April 1999. I see in the IPO prospectus that: 13. On July 1, 1997 and September 30, 1997, we sold 5,151,178 shares of our Series C Preferred Stock at $8.93 per share to the following private investors for an aggregate purchase price of $46,000,020: 3Com Corporation, Anschutz Family Investment Company LLC, AT&T Venture Fund II, L.P., Crosspoint Venture Partners 1996, Ericsson Business Networks AB, Lucent Technologies, Inc., Newbridge Networks Corporation, Nortel Networks Corporation and UUNet Technologies, Inc. and this prospectus assumes: - - the conversion of our outstanding preferred stock into common stock upon the closing of this offering; If the preferred converted 1:1 then the original shares are now 2,351,625 and if none have been sold, this represents about 1.51% or $646 m, not the 4.6% you stated. Did 3Com acquire any additional shares? Also 50% per quarter for 4 quarters is not 500% growth, it is 406%.