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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: James R Mohr who wrote (4167)	2/3/1999 8:22:00 AM
From: John Carragher	Read Replies (3) \| Respond to of 17183

James I worked one of the largest oil companies and the ceo said they don't want to split because the institutions don't like the additional paper work and additional cost. They want the institutions to buy their stocks ie pension funds etc. These companies don't care about the small guy. wsj has an article (negative) from all the fund managers this morning on splits. Blaine Rollins, manager of two funds at Janus Capital, echoes some of Mr. Buffett's arguments. "I hate stock splits. I hate them because they cost my shareholders more money." Investors have to pay commissions on twice as many shares after a 2-for-1 split. Besides, Mr. Rollins feels the stock price tends to zigzag more after a split as well.

To: James R Mohr who wrote (4167)	2/3/1999 10:10:00 AM
From: Albert Youssef	Respond to of 17183

I agree with everything you said about splitting the stock (or not splitting it). Nothing wrong to me with the stock sporting a "blue chip" price. In the long term, the only thing that matters is the fundamentals; splitting only affects the short term price action. If EMC splits immediately, that's fine with me. If it doesn't, that's fine too. One way or another, if the company continues to perform the way it has been, it WILL eventually split. But since I intend to hold this for the long haul, when it splits is really immaterial to me. Good luck, Al