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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.26

+0.2%

1:40 PM EST

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To: Gihan Karunaratne who wrote (15736)	8/5/1998 1:40:00 AM
From: Gerald Walls	Read Replies (2) of 77400

Can you explain to me the difference between the effective and record dates? I would think someone purchasing CSCO between these two dates will still be eligible to receive the split shares come 9/15. Can you confirm? FWIU, the record date is basically a hold-over from pre-computer days. The important date is the first date the split shares will trade (9/15). This is called the ex-dividend date for dividends so I guess you could call it the ex-split date. Before the ex-date if you buy 100 shares you will have 150 shares on 9/15. On or after the ex-date when you buy 100 shares it is after the split and you won't receive any more shares.

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