EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: James R Mohr who wrote (4167)	2/3/1999 8:22:00 AM
From: John Carragher	Read Replies (3) of 17183

James I worked one of the largest oil companies and the ceo said they don't want to split because the institutions don't like the additional paper work and additional cost. They want the institutions to buy their stocks ie pension funds etc. These companies don't care about the small guy. wsj has an article (negative) from all the fund managers this morning on splits. Blaine Rollins, manager of two funds at Janus Capital, echoes some of Mr. Buffett's arguments. "I hate stock splits. I hate them because they cost my shareholders more money." Investors have to pay commissions on twice as many shares after a 2-for-1 split. Besides, Mr. Rollins feels the stock price tends to zigzag more after a split as well.

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