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To: Dr. Id who wrote (1657)11/19/1999 3:35:00 AM
From: BSD  Respond to of 10934
 
We could see another run up in sympathy with Cache Flow IPO.



To: Dr. Id who wrote (1657)11/19/1999 10:00:00 AM
From: Lynn  Respond to of 10934
 
Hello Jeff,

Take a look at the stock split FAQ provided by SUNW's IR. Your questions regarding splits are answered there--just think 'NTAP' instead of 'SUNW:'

sun.com

Regards,

Lynn



To: Dr. Id who wrote (1657)11/20/1999 4:49:00 PM
From: kas1  Respond to of 10934
 
off topic on splits

> I never understand why they say "holders of record", since if
> you buy the stock the day before the split (or in this case
> on Dec 17, a Friday), your shares split as well.

all it means that the company (or the investment bank / agent) gives the shares to whoever held it on dec 10.

however, any sales of the stock dec 10 - dec 17 (interval between "of record" and split date) must come with a "split due bill" which is basically a piece of paper that says "i know i'll get your split shares, since i was the owner on december 10, but i'll send them to you immediately."

99.9% of the time, this means things work seamlessly, and you really shouldn't worry about the of-record date. your broker takes care of everything for you. after ibm's last split, i was unlucky enough to be in the 0.1% when somehow the "due shares" get lost somewhere along the way, but even that can be solved with a lot of pestering phone calls to your broker. :-)

sometimes i see people posting on si that they plan to buy before the "of record" date and sell right after it, to get "free" shares of the stock. this is of course, completely ridiculous. if this opportunity existed, it would be completely arbed anyway. as it is, any sales after the of-record have to come with the shares-due bill.

verbose regards :-)
kas



To: Dr. Id who wrote (1657)11/24/1999 6:35:00 PM
From: Vikas Deolaliker  Respond to of 10934
 
"Holder Of Record" means literally that holders which are on company record. The shares you buy in your account are held in street name. So you receive the shares dividend. However, if you were to get a gift from a generous relative, then the dividend would go to the relative as he was the "Holder of Record".

Hope it helps.