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

To: Tim McGee who wrote (43224)	5/12/2000 7:22:00 PM
From: David E. Taylor	Respond to of 45548

Tim: Right now I'm thinking about the same as you. No way I'll let PALM go if it stays at $25, since IMO, it's being tied down by the artifical arbitrage situation. And no way I'm going to let COMS go after 7/7 unless it's around the $20+ mark. This feels to me like the pre-IPO run up, where the market told Goldman et al what it was willing to pay for PALM via COMS, and they set the IPO price accordingly. Now the market is going to tell us by 7/7 what valuation it's going to give COMS sans PALM. I think we'll have a pretty good idea of the opening trade on COMSV on 7/7 a couple of days before that. And we have to remember that EB & Co. are apparently prepared to step in and soak up $1 billion worth of COMS if people are willing to sell it to them at fire sale prices. I also agree with you on the confusion factor. There has been precious little volume on HWP* since 4/28, either people don't want to part with their HWP, or they don't know they can. Remember all the last minute Q's that were fielded on this thread in the couple of days before the IPO, where people were asking if they'd get PALM on IPO day by buying COMS? Maybe there'll be a ton of people who think they'll get PALM by buying COMSV on the cheap after 7/7 who we can sell to! David T.