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Technology Stocks : CMGI DSP Programs -- Ignore unavailable to you. Want to Upgrade?


To: D VanSwol who wrote (77)2/16/2000 1:16:00 PM
From: kcmike  Read Replies (1) | Respond to of 178
 
DVS,

It is my understanding that you can only use 1 DSP reference# per Wit account. So yes, if you want to take advantage of the 2 reference numbers you would need to open up another account at WIT. It would not have to be an IRA account, but at WIT you can only have 1 regular account per SS#. So if you want to register it in the same name, it would have to be an IRA.

However, if you are opening a new IRA account, you of course have the IRS limitations as to how much you can put in, and that may not be enough to cover 100 shares of ALTA. If you are transferring an IRA from another brokerage, you may not have enough time to do it.

Easiest solution - if you are married, open a joint or an individual account in the spouse's name.

The above is just my opinion and not guaranteed as fact. Others can help if they know otherwise.

Hope this helps,
Mike



To: D VanSwol who wrote (77)3/16/2000 1:45:00 PM
From: D VanSwol  Respond to of 178
 
It appears that one has to have settled their trades to be on record for the DSP.

I wrote CMGI IR and their response was:

Dennis: The settlement date of a trade is the date taken into account when accounting for the record date of the Directed Share Program. There are no exceptions to the record date.

-----Original Message-----

Sent: Thursday, March 16, 2000 12:56 PM
To: ir@cmgi.com
Subject: Alta Vista DSP

I purchased an additional 200shares of CMGI on 1/24/00, which settled 1/26, for a total of 354 shares. Since I made the purchase on 1/24, am I still eligible to participate in the ALTA DSP. I haven't received a invitation letter as yet while several people I know received their's
the day before yesterday.