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To: Bill Martin who wrote (1974)1/1/1998 5:50:00 PM
From: Sultan  Respond to of 3696
 
Yahoo also shows shares o/s at 20,8 million. The float generally refers to the shares in circulation for trade. Any shares in escrow, large % of insider's holding where they might have to file notification for intent to sell etc. are excluded from the float. Share o/s numbers are always larger then the float numbers.



To: Bill Martin who wrote (1974)1/1/1998 9:01:00 PM
From: Investor2  Respond to of 3696
 
RE: "... Value Line shows 20.6M shares and the AAII Stock Investor CD shows 19.5M average outstanding shares ... Is the 14.3M "Float" shares you refer to something different from the shares outstanding or is this simply a case of various reference sources disagreeing?"

I believe that the "float" does not include 5 million shares owned by management.

Best wishes,

I2



To: Bill Martin who wrote (1974)1/2/1998 10:22:00 AM
From: donss  Respond to of 3696
 
Bill,
Float refers to the amount of shares that are available for trading. For instance if there are 20.6M shares outstanding and the CEO owns 6.3M, then the float is 14.3M [this is only an example, the CEO figure is not real]. Here is a link to the Yahoo info.
biz.yahoo.com
-Don