Digital Equipment Corp. (DEC) Message Board

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Technology Stocks : Digital Equipment Corp. (DEC)

DEC 15.85

+3.4%

Dec 5 3:59 PM EST

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To: Bruno Cipolla who wrote (2880)	2/2/1998 7:34:00 PM
From: hossein hosseini	of 3276

<<what happens to leaps when digital gets incorporated by CPQ?>> As far as I know, you will receive instruction on how to surrender your shares/etc. As for LEAPS, I guess they will be exercised if they are in the money the last day DEC is traded, that is, if your position is still open by then. Once exercised, you will receive $30 cash and .945 shares of CPQ. The above info. is from my broker who was not completely sure either. You might check with other sources. I also own LEAPS, planning to keep them and see what happens (my guess is the price should be around $60, that's what it was when they announced, hoping!! to get a few more $$$'s out of them) I will eventually exercise though. Good Luck,

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