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Technology Stocks : New Era of Networks (NEON) -- Ignore unavailable to you. Want to Upgrade?

To: lindalib who wrote (186)	11/18/1998 11:13:00 AM
From: treetopflier	Respond to of 1222

No.

To: lindalib who wrote (186)	11/18/1998 11:57:00 AM
From: ----------	Read Replies (1) \| Respond to of 1222

Treetopflier gave you the correct answer.....albeit the Cliff Notes version.<g> IRS publication 550 discusses stock dividends. As treetopflier noted, they are not taxable UNLESS they meet one of six various conditions. This stock dividend does not meet any of the conditions listed, so it will not be taxable. (Most of the six exceptions deal with the recipient having a choice of receiving cash or stock, or preferred stock instead of common. The NEON press release gave no indication that anyone would get anything other than good old fashioned NEON common) Doug