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

To: Conan who wrote (11888)	1/19/2001 7:39:34 PM
From: Mario	Respond to of 17183

Tech Stocks : Hardware & PCs EMC to Distribute McData Stock to Shareholders of Record Jan. 24 By Yi Ping Ho Staff Reporter 1/12/01 3:53 PM ET EMC (EMC:NYSE - news) will distribute the common stock of its unit McData (MCDT:Nasdaq - news) on Feb. 7 to EMC shareholders of record Jan. 24. The Hopkinton, Mass., information storage provider acquired McData in 1995. EMC will distribute roughly 0.0369 shares of McData for each EMC share. EMC owns 81 million shares of McData, representing about 74% of the Broomfield, Colo., data storage company's common stock outstanding. Shares of EMC recently tumbled $3.69, or 5%, to $69.44 in composite trading on the New York Stock Exchange, while McData fell $4.63, or 8%, to $52.89 in trading on the Nasdaq. EMC is pretty smart, blow out earnings on the 23rd and you get McData shares on the 24th. I would think those 2 days should be hot!!!!! Mario

To: Conan who wrote (11888)	1/19/2001 8:43:42 PM
From: Tulvio Durand	Respond to of 17183

... will be distributed on February 7, 2001, to EMC stockholders of record as of 5:00 p.m. Eastern time on January 24, 2001 biz.yahoo.com Tulvio

To: Conan who wrote (11888)	1/23/2001 8:44:14 AM
From: Lynn	Respond to of 17183

Dear Conan: From the McData Q@A FAQ [a .pdf file], it looks like the only way one can be assured of receiving shares of MCDT is to hold shares of EMC from January 24th through February 7th: 4. When do I need to own EMC common stock in order to receive McDATA Class A common stock in the distribution? You must be an owner of record of EMC common stock by 5:00 PM Eastern time on January 24, 2001, the record date, in order to receive McDATA Class A common stock in the distribution. You should be aware that if you sell shares of EMC common stock between January 25, 2001 and February 7, 2001, you may also be selling your right to receive McDATA Class A common stock in the distribution. snip to end] The FAQ is listed on the right side of this page: emc.com Lynn