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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Frank Wechsler who wrote (39166)	12/13/2000 5:26:10 PM
From: QwikSand	Respond to of 64865

Can I just set up an account at Fidelity (where my account is at) in my daughter's name and then transfer the stock into that? Is the value at the close at the day I do it what counts? Frank, in answer to your first question, that's exactly what I'm doing for my kids. My broker (Salomon Smith Barney) just journals it over in a day and you know exactly what price you're getting (i.e., you don't have to wait for shares to pass through a clearing house from another broker or go through some national system or etc.). I believe the answer to your second question is yes but I'm not an expert or an adviser and the appropriate person to answer that question is your broker. --QS

To: Frank Wechsler who wrote (39166)	12/13/2000 5:26:46 PM
From: Larry S.	Respond to of 64865

to transfer stock. you need a letter of instruction designating to whom you are gifting the stock. The recipient will need either an account there or can receive a certificate. the LOI (letter of instruction) will have to be either notarized or signature guaranteed (depending on the broker). the value of the gift will either be the closing price on the day of the gift, the day the letter is written, or the average price on either of those days. different opinions on the price determination. may be avg of hi low for the day too. great idea and good time to gift the stock. larry