Friday, July 7, 2000

Cheap way to Palm stock

Businessweek has an article on a cheaper way to get your hands on Palm stock. The secret is, buy 3Com stock, as 3Com has announced that on July 27, it will divest its 94.2% remaining ownership of Palm Computing to shareholders. Analysts believe each 3Com share will receive 1.5 shares of Palm Computing. At current prices, according to the article, that means each 3Com share buys just under $50 worth of Palm shares.

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