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Technology Stocks : Digital Equipment Corp. (DEC) -- Ignore unavailable to you. Want to Upgrade?

To: hl who wrote (2836)	1/27/1998 8:17:00 AM
From: Cameron Dorey	Respond to of 3276

Just a comment to all (Kai, sorry for stepping on your message): Why do all these deals, whether cash is involved or not, have to contain some silly fraction of a share of stock for the stock being bought. I (and perhaps some others here) do not have 1000 shares of DEC (or 189, or perfect multiples of 3,5,7 for that matter) and have to receive a fractional share unless I pony up for additional shares before the deal goes through. Why couldn't CPQ offer ~$2 less cash and 1 share for each? Is the "Accountants Full Employment Act" so powerful? Cameron

To: hl who wrote (2836)	1/27/1998 8:19:00 AM
From: r laird	Read Replies (1) \| Respond to of 3276

price of takeover down to $57+ due to drop of compaq.

To: hl who wrote (2836)	1/27/1998 11:37:00 AM
From: George Dvorsky	Read Replies (3) \| Respond to of 3276

RE: Buying DEC vs. CPQ. When you buy 100 shares of DEC at 60 for $6000 and CPQ moves up a point, you make $100. If you had bought 200 shares of CPQ for that $6000 and CPQ moved up 1 point you would have made $200. With DEC you are buying $30 of cash, which is not supposed to go up. You obviously also leverage the downside with Compaq. The advantage to owning DEC is the possibility of a higher bidder, as I noted in the previous note. Buyer Beware. I holding options, and am comfortable with them as they are. gd p.s. no spell check this time