EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: John Carragher who wrote (4168)	2/3/1999 10:35:00 AM
From: William F. Wager, Jr.	of 17183

<<wsj has an article (negative)>>John--forgive me, but if you are going to quote from an article, why didn't you also note the positive points about stock splits contained in the same piece which I have done: Academic studies have shown that split stocks do well over one-year to three-year periods. Rice's Mr. Ikenberry found that from 1975 through 1990, stocks got an initial 3.5% pop from a split announcement -- and then went on to gain an additional eight percentage points on average more than comparable stocks in the following 12 months. Mr. Ikenberry says the splits didn't cause the improved performance he found. But he believes the splits were a signal from management that it expected good business prospects ahead. If management expected bad news, it wouldn't split the stock, he reasoned, because stocks that fall too low in price start to lose investors who shy away from stocks priced below $10 a share, and especially from "penny stocks." I favor full disclosure, don't you? Read the full article yourself in today's "Heard on the Street." Bill

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