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Technology Stocks : How high will Microsoft fly?
MSFT 491.12+1.7%3:59 PM EST
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To: RTev who wrote (22624)5/13/1999 2:57:00 AM
From: Gerald Walls   of 74651
 
As I said, insiders and Microsoft itself would get shares in the new company. They'd be non-voting, but dividend yielding shares.

Re-reading your post I see that you did say that. I missed it. I withdraw that particular objection. However, a non-voting, dividend-yielding stock in a company that would never pay a dividend would necessarily be worth less than the common issue due to the restrictions unless it were convertible automatically upon sale to a non-insider to the same number of common shares.
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