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

To: TigerPaw who wrote (11046)	8/31/2000 5:14:52 PM
From: GVTucker	Read Replies (1) \| Respond to of 17183

My GUESS is that it would be a long term gain. In case you didn't get the hint, DON'T take my word for this. Check it out yourself from an accountant or check with EMC investor relations.

To: TigerPaw who wrote (11046)	8/31/2000 9:18:10 PM
From: Gerald Walls	Read Replies (1) \| Respond to of 17183

If I sold them the day after they were spun off, would the tax be regular or capital gains? (I've had the EMC more than a year). I'm pretty sure that it would be capital gains, since your MCDT basis is being split off of your EMC basis. Don't forget that your EMC basis will decrease proportionately.

To: TigerPaw who wrote (11046)	9/1/2000 9:38:49 AM
From: Lynn	Read Replies (1) \| Respond to of 17183

Dear TP: Gerald is correct. If you sell shares of MCDT the day after you get them, the sale gets reported on Schedule D, Part II [long term gains since you have held EMC more than one year]. For the date you acquired MCDT you would record the date you bought EMC, _not_ the date you got MCDT via the distribution. BTW, if you only get a few shares of MCDT because you don't hold a large position in EMC, don't bother selling the shares (of MCDT) right away if you don't want them. After distributions such as this, people who hold less than a certain number of shares normally receive an offer for them to sell these shares. This saves most people on the comission they would normally pay through their brokerage account. Regards, Lynn