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

To: Andre Williamson who wrote (43257)5/15/2000 10:44:00 AM
From: Robohogs  Read Replies (1) | Respond to of 45548
 
Yes. The sale of either one would result in a retroactive tax bill. Usually you can get by with 6 months if the transaction was not thought about at the time of the spin, depending on the rationale for the spin. There will be a indemnity document where PALM will indemnify COMS for taxes which would become due if PALM did something to affect tax situation.



To: Andre Williamson who wrote (43257)5/16/2000 11:32:00 AM
From: richard w allgaier  Read Replies (1) | Respond to of 45548
 
Andre, With respect to the acquisition of Coms after the spin-off under the tax free status, I'm not sure how that status applies. You may have a valid point there that I was unaware of. I would appreciate any further information to that area.

Rick


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