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


To: AlanH who wrote (32641)3/6/1998 2:49:00 PM
From: prakash  Read Replies (1) | Respond to of 176387
 
You mean to say if I buy DELL at 136 today, I will get only 68 on Monday?

Doesn't work that way my friend.. Many people will be poor on Monday if that was the case!!

Holders of DELL stock and options get twice as many shares on monday at half of today's close price.

Prakash



To: AlanH who wrote (32641)3/6/1998 2:51:00 PM
From: Fangorn  Respond to of 176387
 
Alan,
If you buy 100 shares of Dell today you will have 200 worth half as much on Monday.



To: AlanH who wrote (32641)3/6/1998 2:54:00 PM
From: Kenneth M. Koff, CPCU  Read Replies (1) | Respond to of 176387
 
C'mon...what about someone--myself--who just bought 'X' number of shares. Surely you're not saying I will still have X number after the split. Gives new meaning to counterintuitive..



To: AlanH who wrote (32641)3/6/1998 2:58:00 PM
From: PineyRidge  Respond to of 176387
 
Alan,
Not true! Shareholders at the close TODAY 3/6/98 will participate in the split come Monday morning (they will have 2x the number of shares at exactly half the price). That "article" and language is confusing.

I'll give a shot at explaining it, but others can correct and clarify more. The concept "shareholder of record" is sort of old and refers to the paper stock receipts. That really doesn't matter anymore. Fidelity holds my receipts and the MMs will buy and sell shares "with due bills" (you will see that on your statement, or something similar). "Bought 200 shares of DELL at $136.25 WITH DUE BILLS." That means that the MM owes you 200 shares (aka due bills) on the split date.

I'm going to give up explaining it for now in hopes someone else joins in and clarifies!

BOTTOM LINE: Anyone holding DELL at the close today is IN on the split. Go shopping. ;-)