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: DMaA who wrote (44091)	7/20/2000 9:14:16 PM
From: David E. Taylor	Read Replies (1) \| Respond to of 45548

DMA: Hmmm. I forgot in my previous post that the S&P index funds already have virtual ownership of most of the PALM shares they will need, and that they will have to buy only a small amount. OTOH, they'll have to sell all their COMS. So the PALM addition/COMS ejection is obviously a net negative. OTOH, the Bloomberg article indicates that S&P index funds own about 27 million COMS, and that volume could easily be eaten up in the several days of hectic trading that are bound to occur around 7/27. So the damage to COMS after 7/27 (and the COMSV I now own in what I thought was a "no-lose" move) will be mostly psychological, in that investors may dump COMS simply because it's no longer an S&P 500 stock. Now why the heck couldn't S&P have kept both? Maybe they just don't have any faith in EB & Co..... David T.