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Technology Stocks : C-Cube
CUBE 35.93-0.8%Dec 18 3:59 PM EST
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To: Lane Weatherly who wrote (49125)4/24/2000 5:17:00 PM
From: John Rieman  Read Replies (1) of 50808
 
Your cost basis will be divided into the two companies, on a weighted average ratio based on the first day of trading. Say you bought 100 C-Cube Micro at $20. The first day, the new C-Cube trades at $10. HLIT trades at $70, but you now have 54 shares of HLIT worth $3780 and C-Cube worth $2000. 65.4% of your Dollars are in HLIT. Your cost basis is 65.4% of the original cost for Hlit and 34.6% in the new cube.
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