Fund Manager
Contact Us

3Com /Palm Spinoff

[ Q2 00 - Q2 01 Archive ] [ Current Message Board ] [ Archives ] [ Search ]

Posted by Brendan Collins on July 28, 2000 at 22:08:03:

3Com just spun off Palm Computing. The ratio was 1.4832 shares of PALM for each 3COM with cash for partial PALM shares remaining.
How do I show the transaction, ensuring that my cost basis is correct for each? The cost basis adjustment for COMS is 21.02%, 78.98% for PALM. COMS was trading at ~$65 and is now ~$13. No adjustment in PALM. When I tried to adjust the original price paid to account for the cost/value, the problem that results is a graphical misrepresentation with the share prices as pre-spin-off.(COMS "dropped" from 65 to 13 in a day)

Any ideas on this one??? I searched for the topic on your board with no luck.

Thanks - Brendan Collins

Replies: | Search | Site Map | About Us | Privacy Policy