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Technology Stocks : QUANTUM -- Ignore unavailable to you. Want to Upgrade?


To: David Blomquist who wrote (9110)7/28/1999 4:04:00 PM
From: appro  Read Replies (1) | Respond to of 9124
 
If you bought 100 shares of QNTM at $100 each, they would become 50 shares of HDD at $28 ea. and 100 shares at $86 each. More or less. Then again, I do not know how the taxman would see it. Hmmm.



To: David Blomquist who wrote (9110)7/28/1999 4:53:00 PM
From: Toko  Read Replies (1) | Respond to of 9124
 
David,

I was told that for everyone who owns QNTM now, the tax basis for the new tracking stocks will be determined by the ratio of the opening prices on the first day that HDD & DSS go live (8/4).

Since you'll only get a half share of HDD, I'm not sure about the exact formula. I presume we'll be formally told by QNTM and/or our brokers.

-TOKO



To: David Blomquist who wrote (9110)7/29/1999 10:04:00 AM
From: David Blomquist  Respond to of 9124
 
Thanks for the math advice all--I'll wait till the pros give me a formula.
-DWeeB-