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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Ryan Hess who wrote (12168)	3/13/2001 12:51:45 PM
From: Terrapin	Read Replies (1) \| Respond to of 78480

Hi Guys, We have our three but I wanted to say that I still hold 2/3 of the position I bought the last time it hit these levels. I posted it here at the time. Although I regret not selling more I can't complain about profits (can I?). I still see it as a cash play with an outside shot at some very nice growth if they happen to hit the right button with one of their consumer electronic devices. In a time when everything tech is going down I see the cash as their get-out-of-jail-free card. COMS no longer owns PALM in any substantial amount. Unfortunately, I do. Best, Terrapin

To: Ryan Hess who wrote (12168)	3/17/2001 3:48:58 PM
From: Q.	Respond to of 78480

COMS no longer owns any PALM. Discontinued Operations On September 13, 1999, 3Com announced a plan to conduct an initial public offering ("IPO") of its Palm, Inc. ("Palm") subsidiary. On March 2, 2000, 3Com sold 4.7% of Palm's stock to the public and 1.0% of Palm's stock in private placements, resulting in net proceeds of $1.2 billion, which were retained by Palm. On May 8, 2000, 3Com's Board of Directors declared a special dividend of 3Com's remaining interest in Palm to 3Com's shareholders of record on July 27, 2000. On July 27, 2000, 3Com distributed its Palm common stock to 3Com shareholders. The distribution ratio was 1.4832 shares of Palm for each outstanding share of 3Com common stock. That's from the latest 10Q.