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

To: David E. Taylor who wrote (45006)	12/10/2000 9:10:51 AM
From: Bill Coenen	Read Replies (1) \| Respond to of 45548

David, Thanks for the info on the coms class action suite. Schwab has sent me copies of my trade confirmations on coms for the impacted period which consists of a total of 950 shares. Do I sit back and wait till I'm contacted or must I notify the law firm? Many Thanks in advance, Bill

To: David E. Taylor who wrote (45006)	12/10/2000 10:14:45 AM
From: David E. Taylor	Respond to of 45548

Thread: After reading all the fine print, the only surprising wrinkle I can see is that if you received COMS stock in exchange for USRX stock on 6/12/97 as a result of the COMS/USRX merger, that COMS stock does not count as a "purchase" of COMS stock for the purposes of this settlement, despite the fact that you received that COMS stock during the "class period" and even if you held it past the 11/5/97 cut off. Only actual purchases of COMS stock are included. Tough on USRX shareholders, but that's what the notice says. At least Benhamou, Cowell, McCartney, Paisley, other present/former COMS/USRX officers and directors, COMS/USRX employees, COMS/USRX bankers/accountants/lawyers, and other similar "related parties" don't get anything either. The "average" distribution per qualifying share is estimated to be $3.04, apparently arrived at by dividing their estimates of the number of qualifying shares into the settlement fund of $259 million, less 25% for the lawyers and less expenses. Some will get less, some will get more, depending on actual loss/share, and subject to the $5.67 maximum I quoted in my previous post. And finally, relevant to the discussions on this thread about 3Com's current cash reserves, well they went down by $259 million on 11/3/00, because 3Com deposited the settlement amount into an escrow account on that date (earned interest to be added to the settlement disbursement proceeds), so we can add that to the operating loss for this Q in figuring 3Com's cash position as of the Q end on 11/30/00. David T.

To: David E. Taylor who wrote (45006)	12/10/2000 12:57:33 PM
From: mr.mark	Read Replies (1) \| Respond to of 45548

hi david, thanks for summarizing and presenting this info to the thread. i have gone back over my records and see that i purchased about 700 shares in may of 97. i held them thru the 11/97 date. (i later added more shares, but these 700 are the only ones that fall inside the window you noted.) here's my question. i didn't purchase more COMS until 7/98. around that time i began daytrading COMS. without going into any unnecessary details, would you agree then that my scenario, as described above, puts me in the general category which you have itemized as #(3)? "(3) If you sold after the 2/3/98 close, you get the lesser of (a) $5.67/share or (b) actual purchase price less $33.90, the closing price of COMS on 2/3/98" thanks again :) mark