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: James P who wrote (44372)	8/9/2000 5:50:08 PM
From: Souze	Respond to of 45548

T. Rowe Price credited the Palm shares to my account that Friday morning (next morning following the spinoff) well before market open that day. In general, I don't see why a broker has to wait for physical delivery following a spinoff, anymore than it has to when you buy a stock. It's like having to wait for a buy to be settled before being able to sell the stock.

To: James P who wrote (44372)	8/9/2000 9:35:34 PM
From: Bill Cotter	Read Replies (2) \| Respond to of 45548

James P. DLJ is not correct. If there is a stock split, the new price and the number of shares are reflected in your account immediately. They don't wait until they get the physical shares from the transfer agent. A spinoff works the same way. My accounts at Morgan, Stanley and Dreyfus had the number of shares and the price correct on the day of the spinoff.