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Strategies & Market Trends : TA-Quotes Plus

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To: Gary Lyben who wrote (9340)	6/1/1999 11:24:00 AM
From: Gary Lyben	Read Replies (1) of 11149

FYI - GM's Delphi adjustment Here's how we will be adjusting the GM's price for their distribution of Delphi. In this case, the distribution was .7 shares of Delphi for each share of GM. We'll use $14.35 for the amount of the distribution. This is calculated as .7 * 20.5 which was Delphi's close on Thursday. It looks like Yahoo is using $14.33 as the distribution amount, but the chart hasn't been adjusted. Excite and CBS Market Watch both show an adjusted chart that looks like they are using something close to this number. Quote Com is showing an unadjusted chart. The GM adjustment will go out in tonights download as a split of 82.875 for 68.525. 68.525 = 82.875 - 14.35. The 82.75 is GM's close on Thursday, the 68.525 is GM's close less the distribution amount. You can put it in your self in the chart program. Display GM, click on Maintenance, then on add/edit split data. Us 5-28-1999 for the split date, and 82.875 for 68.525 for the amounts, then click cancel. That's why these things aren't adjusted ahead of time. In the next release we will be able to send out multiple update files per day so that corrections can be made as soon as possible. Gary

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