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

To: GS_Wall Street who wrote (42957)	4/25/2000 12:29:00 PM
From: Bill Coenen	Read Replies (1) \| Respond to of 45548

Greg, You're right, of course. Palm can't be blamed for the lunacy of some buyers. Actually, considering market conditions since the IPO and their impact on PALM which would normally be fair valued at $40-45 at this stage of their independent development, it's siting about right. COMS should be playing at a discount still from its 1 to 1 1/2 ratio + intrinsic value formula but not of the magnitude it is. They'll be an acordian effect till we nail down the distribution date, then it should run to arbitrage form. And by September, for those with Patience and Prudence, they'll sing to their newly acquired holdings: "But tonight you belong to me" and at a tidy profit I suspect. Luck to us all, Bill