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


To: Peter V who wrote (48385)1/20/2000 6:45:00 PM
From: John Rieman  Read Replies (1) | Respond to of 50808
 
The Spin is a taxable event. It's a capital gain. C-Cube semi needs to subtract the cost basis of C-Cube from the new value of the spun shares. After that, they pay tax on the gain. The lower the price of the shares on the first day, the lower the gain, and less taxes are due.