C-Cube Message Board - Msg: 15490039

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Technology Stocks : C-Cube

CUBE 37.72

+0.9%

Nov 5 3:59 PM EST

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To: vish ramamurthy who wrote (50684)	3/12/2001 4:47:58 PM
From: John Rieman	Read Replies (1) of 50808

If your doing your taxes, this is as good as any........... c-cube.com How do I figure out the split of my cost basis between CUBED and HLIT if I owned the C-Cube stock through the completion of the merger and spin-off? A The company is unable to provide tax advice, and thus, you should consult your own tax advisor to determine how to split your cost basis. The split of cost basis between CUBE and HLIT must represent the fair market value of the two stocks at the time of the split. One possible approach would be to use the weighted average stock prices of CUBE and HLIT during the first day of CUBE trading, which were approximately $21.74 and $71.92, respectively. After adjusting for the exchange ratio in the merger with HLIT, this would imply a cost basis split of approximately 35.78% for CUBE and 64.22% for HLIT. Please note that if you received cash in lieu of fractional shares, the basis attributable to those fractional shares should not be included when you split cost basis between your CUBE and HLIT stock. Instead, you should account for the basis attributable to fractional shares in calculating the amount of gain you recognize on the fractional shares.

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