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Technology Stocks : PALM - The rebirth of Palm Inc. -- Ignore unavailable to you. Want to Upgrade?

To: matt dillabough who wrote (1414)	8/28/2000 8:29:32 AM
From: David E. Taylor	Respond to of 6784

Matt: We should keep in mind that the 1.65 million (max) PALM shares that 3Com/Palm officers/directors could have bought in the IPO per the S-1/A prospectus (even if they bought them all) and for which the lockup expires today are a small % of the total PALM shares they own. The last 10Q/10K shows 3Com directors/officers as a group held a total of 22.6 million shares of COMS, giving them around 33.5 million shares of PALM as of 7/27/00 which they were as free to trade as anyone else who received the distribution. But as another wrinkle in this weird disinformation about Palm lockup shares, I noticed this morning in the Sunday NY Times business section under "Lockup Expirations" an entry for PALM stating that the lockup expires today for 532 million PALM shares. The NYT explains "lockup agreements restrict sales of shares in newly public companies by officers and insiders for a fixed period". Shouldn't have an effect, but go figure. David T.