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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.42+4.6%Nov 13 3:59 PM EST

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To: Lynn who wrote (16333)8/26/1998 10:46:00 AM
From: Bhaskar Sengupta  Read Replies (3) of 77398
 
Question about 3:2 splits

Imagine that a stockholder owns 25 shares of CSCO
currently. After the split, he/she will own 37.5 shares.
How are fractional shares handled? If this person
actually ends up owning 37.5 shares, how does he/she
sell them eventually? If he/she can sell fractional
shares eventually, does that mean that anyone can buy
fractional shares today?

Answers will be much appreciated ...
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