Bernard, very good point, but with institutional holdings
as show below, I will put my money on their influence as to
the tax ramifications. They have much more to worry about,
that is unless one believes in what I call ",000 theory."
That is as Einstein so well put it "it is only relative",
so, to your point then I would not want the tax burden.
õ
Top Five Institutional Holders
Rank Institution Report Date Position Percent
1 CAPITAL RESEARCH AND MANAGEMENT COMPANY 06/30/99 24,723,850 5.69
2 PUTNAM INVESTMENT MANAGEMENT, INC. 06/30/99 22,314,469 5.13
3 VANGUARD/WINDSOR II 10/31/98 20,273,646 4.66
4 VANGUARD/WINDSOR FUND INC. 12/31/98 20,273,646 4.66
5 BARROW, HANLEY MEWHINNEY & STRAUSS, INC. 06/30/99 18,394,531 4.23
Top 5%ers
Rank Institution Report Date Position Percent
1 MACKAY-SHIELDS FINANCIAL CORPORATION I 12/31/98 10,000,000,000 999.99
2 OPPENHEIMER & COMPANY. L.P. 02/01/94 3,477,407 11.61
3 OPPENHEIMER CAPITAL 02/01/94 3,006,620 10.04
4 SANFORD C. BERNSTEIN & CO., INC 12/31/97 5,247,659 9.60
5 BANK OF OKLAHOMA, N.A. 02/11/93 2,592,888 8.66
6 LOOMIS SAYLES & CO LP 02/13/95 2,406,708 8.00
7 BARROW, HANLEY MEWHINNEY & STRAUSS, INC. 12/31/98 27,890,632 6.50
8 SASCO CAPITAL, INC. 01/30/98 3,324,000 6.10
9 AETNA LIFE AND CASUALTY 02/10/95 1,764,400 5.89
10 MACKAY-SHIELDS FINANCIAL CORPORATION 12/31/97 3,164,080 5.80
11 CAPITAL RESEARCH & MGMT CO. 12/31/98 24,116,810 5.60
12 VANGUARD WINDSOR FUNDS-WINDSOR II FUND 02/16/99 20,273,646 4.74
13 BANKERS TRUST CORPORATION 12/31/97 0 0.00
14 CAPITAL GROUP COMPANIES, INC. 07/09/98 0 0.00 |
