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To: JGoren who wrote (55250)12/20/1999 5:49:00 PM
From: DaYooper  Respond to of 152472
 
then said something like this, "then there is another use that I think some of you in this room are thinking of

I interpreted this to mean that authorized shares are available for a future split. From his knowing laugh following that remark, it seemed quite obvious I think.

edit: oops, I see that's what you meant by dividend.



To: JGoren who wrote (55250)12/20/1999 9:39:00 PM
From: Jeffry K. Smith  Read Replies (4) | Respond to of 152472
 
Am I correct in thinking that such a stock dividend would be very bad news for holders of call options? Say I bought January 460's and they issued a stock dividend - the price goes DOWN? Ouch!! I would very much appreciate any guidance anyone has to offer on this point, as I am considering just such a move.

Also, may I ask when is the Annual Meeting?

TIA,
Jeff Smith


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