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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: jbn3 who wrote (31214)	2/27/1998 7:51:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 176387

Split & the function of the 'record date'. Dellish 3: I asked Sig a while back about the same thing,he said according to his broker to most investors it shouldn't make any difference or something like that. Then I contacted the 'investor relations' of another company i know in Texas and asked them about the importance of the 'record date'.The first time the 'girl' at the department sent me an email saying if someone bought the stock after the 'record date' they wouldn't participate in the split. I told her that is a bunch of bull as it couldn't be and told her to check with their underwriter or lawyer or something and get me an accurate answer which she kindly did and here is what the email i got. --------------------------------------------------------------------- "Mohan, Here is the explanation.ÿ The record date is a date for our transfer agent so that they can send out notices to shareholders regarding fractional shares prior to the actual split date.ÿ If you purchase after the record date it may take some time for the transfer agent to send you a notice for any fractional shares you may have.ÿ You still receive the split. Should you need further information, please contact me. Thanks! Patti ---------------------------------------------------------------------

To: jbn3 who wrote (31214)	2/27/1998 1:59:00 PM
From: Jim Patterson	Read Replies (2) \| Respond to of 176387

re:Can anyone explain why there is a record date when DELL pays no dividends? What is its function? Record date for DELL is today. That means that anyone who owns the stock at the end of trading on Friday Will recieve the split. Because of 3 day settlement, This is relivant. If you buy on friday, on monday you will not actually have the shares. The trade settles on Wednesday. But you are on Record on Friday for buying or selling the stock, and therefore entitled to the split. Jim

To: jbn3 who wrote (31214)	2/27/1998 2:20:00 PM
From: SecularBull	Respond to of 176387

Technically, the split is a dividend. The dividend is payable in the form of one additional share for each on that you own, instead of cash. The company pays the dividend out of the approximately 640,000,000 of authorized, yet unissued, shares of stock that are in the corporate treasury. There are 1,000,000,000 shares authorized by the shareholders (increased to that, at last annual meeting), but there are only 330-360 million (est.) shares representing 100% of the company's traded stock. The stock split dividend will double the traded (or outstanding) stock to about 660-720 million shares, leaving around 280-340 million shares in the treasury. This is why some thought that the split would have been 3-1, since by some calculations, there would have been enough stock in the treasury to pay two shares for each outstanding share. Instead we get one. Not a bad deal anyway. I'm just happy we split, especially after last November's call by the Board to sit pat on a split until later. I'm not quoting exact figures on outstanding vs. authorized shares because I've seen discrepancies from various sources. I am sure that there are 1 billion authorized shares, and I'm confident that my estimates are within close range of the real number on outstanding shares.