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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Jean M. Gauthier who wrote (10804)	8/1/2000 1:12:56 PM
From: PAR	Respond to of 17183

I believe that it's much lower than 0.37 spinoff for each share of EMC. Please check to make sure .... this will factor into your decision.

To: Jean M. Gauthier who wrote (10804)	8/1/2000 1:13:43 PM
From: Road Walker	Respond to of 17183

Jean, I believe the shareholder spin-off of McData is six to 12 months away. They will do an IPO of class B McData shares soon, but the distribution of class A shares are later. If the McData IPO is successful, it should be good for your leap calls. John

To: Jean M. Gauthier who wrote (10804)	8/1/2000 1:21:29 PM
From: JDN	Respond to of 17183

Dear Jean: I agree with both previous replies to your urgent question ie Pars and Fowlers. If my memory serves me correctly it is .037 shares not .37 shares and Fowler is right, first the IPO then later the spinoff, but I dont recall how much later. As I have indicated before, this is so minor that I havent paid a lot of attention to it as it wouldnt effect my decision whether or not to hold or sell this stock. JDN

To: Jean M. Gauthier who wrote (10804)	8/1/2000 1:52:52 PM
From: Bob Frasca	Read Replies (2) \| Respond to of 17183

My ignorance is showing but I've never been clear exactly what "LEAPS" are. Presumably they're a form of option but I'm not sure who makes the market and how I'd go about buying them. Any help including a web site to do further research would be appreciated.

To: Jean M. Gauthier who wrote (10804)	8/1/2000 2:01:46 PM
From: GVTucker	Read Replies (2) \| Respond to of 17183

Jean--for spinoffs, the contract is amended to included the shares that are part of the spinoff. Thus, a current call option on EMC would entitle the owner to buy 100 shares of stock at a specified strike price. After the spinoff, a contract would entitle the owner to buy 100 shares of EMC plus 3.7 shares of MCDT. For example, the most recent spinoff item (and far more significant) would be the COMS/PALM spinoff. As you can tell here: cboe.com A holder of COMS options ended up holding an option to buy both COMS and PALM. Don't worry too much.