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Politics : Ask Michael Burke

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To: yard_man who wrote (41185)	12/28/1998 4:47:00 PM
From: RealMuLan	Read Replies (3) of 132070

This piece of IM news is sort of misleading. Actually, he is exercising stock options to acquire 1 million shares. Although no price of options, I would say it is probably lower than $5. <<PR Newswire - December 28, 1998 13:59 SANTA ANA, Calif., Dec. 28 /PRNewswire/ -- Ingram Micro (NYSE: IM) today disclosed that Chairman and CEO Jerre L. Stead exercised options to acquire one million shares of Class A Ingram Micro Common Stock. Stead has advised the company that he intends to hold the shares with no plans to sell in the foreseeable future. >>

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