Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (5628)	5/1/2000 5:24:00 PM
From: Kenneth E. Phillipps	Respond to of 14638

t2, you are correct. BCE traded the new shares "when issued" and the old shares today. I am not sure but I think Wednesday is the last day to trade the old BCE shares. I think there was a schedule published.

To: t2 who wrote (5628)	5/2/2000 9:17:00 AM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 14638

t2, Here is the schedule for trading BCE shares. Notice today is the last day for regular trading of BCE shares. The following are dates of note for trading in BCE shares on the Toronto Stock Exchange: May 1 Effective date of Plan of Arrangement BCE begins trading on ``when issued basis'' ex of Nortel Networks (TSE: BCE.W); BCE also continues to trade on a ``regular'' basis including the interest in Nortel Networks (TSE:BCE) May 2 Last day to trade BCE on a regular basis (including the value of Nortel Networks) (x) May 3 BCE shares begin trading ex-Nortel Networks only (TSE:BCE) May 5 Record Date May 8 Settlement of ``when issued'' trades Beginning of mailing of Nortel Networks share certificates to BCE shareholders (x) The processing of trades on the TSE requires three trading days. Those shareholders wanting to receive the Nortel Networks distribution would therefore have to purchase BCE common shares no later than May 2. news.excite.com