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

To: Lost in New York who wrote (10741)	11/23/1997 6:17:00 PM
From: Glenn D. Rudolph	Respond to of 45548

David, Thank you for explaining this. I was getting frustrated<G> Voting rights brings a question to my mind. I've got COMS in my margin account. I can vote this stock. My broker lends these shares to Craig who shorts them. Glenn buys the shares from Craig and can also vote them, neither he nor his brokerage knows they're the result of a short sale. Those shares are being voted twice??? Craig can't cast negative votes to offset one of the votes. I really can't figure this on out. The above is an interesting thought. I suspect that one long share can only have one vote but I cannot explain how this would occur given your example. Even if the brokerage house could not cross short shares for long, another brokerage house would be selling them long. That leaves us with the same situation as your example. You have me on that. Something to research. Glenn

To: Lost in New York who wrote (10741)	11/24/1997 8:14:00 PM
From: Beachbumm	Read Replies (1) \| Respond to of 45548

Dave, RE: the voting shares, this really is kind of funny. But if you remember that the short seller sold something he didn't own, and has to return it on demand, you can see that no additional votes are created. The way you present the problem, it sounds like shares are multiplying in thin air or that my same shares now have two owners of record. In reality, the purchaser of the borrowed shares didn't buy the shares borrowed from me but the ones that the short seller will in future have to provide from a bona fide seller. So there's no way the shares can be voted twice. Beachbumm