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Technology Stocks : All About Sun Microsystems
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To: Alok Sinha who wrote (14820)3/18/1999 3:54:00 PM
From: Sueponine  Read Replies (1) of 64865
 
As I understand that, it is purely a paperwork thing. If you own the shares by the record date, you will receive the split shares immediately on the date the stock trades at the new split adjusted value. If you buy them after the date of record it's not really problematical; you get the shares, of course. You just might have some difficulty buying and selling during that period of time, very little difficulty but harder to track. This is obviously more a problem for traders than people who are going to hold the shares for awhile.
I recently had to have someone explain this to me.
Later.
Sueponine.
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