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

To: FNS who wrote (44413)	8/14/2000 9:40:56 PM
From: Alski	Respond to of 45548

Yes, the holding period for your PALM stock received as a spin off is the same as your shares of COMS from which they were spun. You don't need an account, you just have to read the information statement COMS sent out (which probably has a disclaimer somewhere that says you need an accountant). Any cash received in lieu of fractional shares should be treated as a sale of those fractional shares too, as opposed to a dividend. Oh, and by the way, (even you long term holders that don't sell anything this year): U.S. Treasury regulations require you to attach a detailed statement setting forth certain information regarding the distribution to your U.S. federal income tax return for the year in which the spin-off occurs. Within a reasonable time after the completion of the spin-off, 3COM will provide you with the information necessary to comply with that requirement. You should retain this statement so it can be completed and attached to your tax return. Also, it seems that some financial software and some brokers want to assign $0 cost basis and 7/28(ish) as the acquisition date to the spun-off PALM shares. Don't do your taxes that way! Pay attention to the info provided by 3COM! FWIW...Alski