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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Joe Copia who wrote (22404)6/14/2000 4:27:00 PM
From: Joe Copia  Read Replies (1) | Respond to of 25711
 
re: The ATEA dividend and news today.

I am skeptical of the fact one has to hold ATEA to the ex-date. Why have an SOR date then?

The email I sent to my 3 accounts. Etrade, Farsight and DLJDirect:

so far DLJ replied but I questioned his answer and he is getting back to me.

The email:
Please confirm if the company is correct in saying this. The NASD rule they are quoting has nothing to do with holding the shares til the ex date. After I am officially SOR on the 16th of this month I can sell correct?

HORSHAM, Pa., June 14 /PRNewswire/ -- Astea International Inc. (Nasdaq: ATEA - news) announced that the ex-date for the one-time cash dividend of $2.05 per share on its common stock is July 3, 2000. Shareholders are required to hold the stock until the ex-dividend date in order to receive the special dividend. The dividend was announced on May 31, with a payment date of June 30, 2000 to shareholders of record as of June 15, 2000.

Please reply ASAP.

regards,

Joe S. Copia