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

To: Mohan Marette who wrote (58807)	8/18/1998 8:42:00 AM
From: Patrick E.McDaniel	Read Replies (2) \| Respond to of 176387

Current Dell bid $111 7/8. Pat

To: Mohan Marette who wrote (58807)	8/18/1998 9:09:00 AM
From: John Hauser	Respond to of 176387

OT A story......... So, I'm golfing with a friend of mine. This friend has had an unfortunately typical Gen-X life. Screwed up family, mom twice divorced, basically general chaos & dysfunctionality throughout his life. We start talking about the markets and I was basically telling him about how to go about investing your money in general. Then he says, "You know what, I only own 1 stock and that's because my grandfather bought me 10 shares a year until I was 18. So I had about 180 shares in a safe deposit box." He states that at the time the 2 names on the account were his and his mother's. Now this would for most people be a good thing. But his mother has had a history of financial difficulties and alcoholism, and their relationship has basically dissolved at this point. And that he wouldn't put it past her to sell it. So I ask him the big question, "What stock did your grampa buy you?" "Disney" he replies. At this point I fall off the chair. "Joe," (named changed to protect the innocent) "do you still have this account?" "I think so, but I really haven't paid any attention to it. I figured I would just leave it alone until I got married so that I would have a decent downpayment on a house or something." he states naively. At this point I tell him to go home, calmly call his mother, tell her he's organizing his finances and he would like these past statements regarding this account. I then went home, got a stock split history from 1967-1983 and a current price. My calculations are these (approx). He should have: 17,500 @ $32.35 = $566,125.00 I pick up the phone. "Joe." "Oh, hi John." "Joe, you should own about $570,000 worth of Disney." (silence) "WHAT???!!" "Yes, if what you have told me is factual, and still remains unsold, this is what you now own." "I'll call you back, John." I still haven't heard back from him yet. JH