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Technology Stocks : ADC Telecommunications

ADCT 3.520

-0.3%

Jan 2 9:30 AM EST

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To: Rainmaker who wrote (1096)	10/2/2000 3:18:04 PM
From: Bosco	of 1944

Hi Rainmaker - I don't think the shrs issued to BAS are that in the open market. Normally, a company has bylaws to govern the maximum # of shrs outstanding but not necessarily the same as the total outstanding at a given time. The latter may grow with split, stock options and acquisition issuance until it reaches the max, then the co may put in the proxy to increase the maximum. The newly minted shrs are likely to be restricted [lockup period] but my guess is that that doesn't stop the recipients to realize the gain now via the options etc. Or, if one has stock options, them brokers will call! best, Bosco

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