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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?


To: enginer who wrote (27902)6/19/1998 10:37:00 PM
From: Andreas  Read Replies (2) | Respond to of 97611
 
To Engineer;

I read your post number 27833. I find it amazing the number of people, including yourself, that have this misconception that a depressed stock price for cpq somehow made the purchase of dec cheaper. Whether cpq traded at $1.00 or $1,000,000/shr. was entirely irrelevant to cpq. The number of shares paid to dec shareholders by cpq remained the same. There was no cash savings to cpq. CPQ was obligated to pay out a fixed number of cpq shares to dec shareholders and a depressed stock price had no impact whatsoever.

In any event I hope I don't have to read another post about cpq buying dec on the cheap because its share price had dropped. Good luck investing.