GTE Message Board - Msg: 3066266

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Technology Stocks : GTE

GTE 4.060

+4.9%

Nov 5 3:59 PM EST

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To: bronco who wrote (518)	12/31/1997 11:12:00 AM
From: jessej	Read Replies (2) of 671

GTE has a history of trading high right at the end of the calendar year. Maybe it has something to do with its employee matching programs which are all set on the 31 of December. These programs are quite large I believe. A higher price benefits the company because they can match with fewer shares. It's just a thought that seems to be consistent througout recent memorable history. Is it typical for a company like this to be in share acquisition mode for most of December to account for these programs. By my math, they will have to come up with around 3Million shares just for the 401K matching. They stated a couple of years ago that they were not going to issue additional shares for these circumstances so they must come from somewhere. If it holds true to form, I would expect to see it drop some (not a lot) during the first part of the year. We'll see. Jay

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