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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Rock_nj who wrote (3717)	1/12/1999 6:44:00 PM
From: Arvinder Malhotra	Respond to of 122087

Rock, I have owned a stock which used to be called ATCT. Sometime back, the name of the stock was changed to AGIS. I did not have to do anything. The brokerage(Datek) showed the correct new symbol in my account on the day of the name change. I am long (I have to!!) but I did not see any covering for shorts that day or before that(I wish!!). Just a routine activity. Anyway, most of us do not keep the stock certicates at home. They are in street name and can be replaced if they have to be at the brokerage companies only. Hope that helps. Regards Arvinder

To: Rock_nj who wrote (3717)	1/13/1999 2:17:00 AM
From: Toni Wheeler	Read Replies (2) \| Respond to of 122087

Rock, <<<That's interesting, because I have heard the opposite (those who are long need to call in their shares in order to trade them in for the new shares and force shorts to cover)>>> I have heard that upon a change in the name of the company (and I assume the ticker as well), the 'cusip' number will change, therefore, shorts will have to cover. When shareholders possess their certs, the shares were not 'lent' legitimately to the shorters and they are 'caught'! I don't know, however, if it's the firms or customers (shorters) who bear the burden!!! I may be totally wrong on the specifics, but, the concept of what you heard is the same. I think if only the ticker symbol changes (going to another exchange, etc) the above scenario is NOT applicable. Am I close to being correct, A@P?? <g> T.