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Conference 7.286::digital

Title:The Digital way of working
Moderator:QUARK::LIONELON
Created:Fri Feb 14 1986
Last Modified:Fri Jun 06 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:5321
Total number of notes:139771

278.0. "Rumor control calling" by BPOV09::MIOLA (Phantom) Fri Mar 06 1987 08:01

    
    Anybody hear any rumors about DEC stocks splitting 3 for 1.
    
    
    
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278.2What's a-behind us is a-behind us!ODIXIE::COLEJackson T. ColeFri Mar 06 1987 08:426
	I think he means near-term, not past term! And it was in October, 76 
that the 3/1 was executed.

	I hear that if the stock price stays above a certain level for 3 
months or so, then that triggers split consideration by the Board.  What that 
level is is a mystery, but I hope that it is $170 or so!
278.3I'll try again.....sorryBPOV09::MIOLAPhantomFri Mar 06 1987 11:2015
    Re .0-.2
    
    
    Sorry, I should have stated it this way...............
    
    Anybody hear anything about DEC announcing a 3-1 split that was
    approved for the present time...........now.
    
    
    Someone in the Mill said a blurb came over a VTX file that DEC had
    okayed a split yesterday, to be effective at a later date.
    
    I haven't heard anything official, that's why I asked.
    
    Lou
278.4Nothing on Videotex nowVMSDEV::FISHERBurns Fisher 381-1466, ZKO1-1/D42Fri Mar 06 1987 13:538
    I have not heard anything like that, and further, it does not seem
    to be in "Corporate News" on the Livewire Videotex service.
    
    However, when it split 2-1 the last time, the price was around 180,
    wasn't it?
    
    Burns
    
278.5I second the rumorRHODES::WARDROPFri Mar 06 1987 14:553
    I heard yesterday from an unofficial but knowledgeable source that
    a 3/1 split is planned when the stock reaches 180.  Nothing on how
    long it might have to stay over 180 to trigger the split.
278.6Authorized 2-1 at anual mtg.COOKIE::WITHERSLe plus ca change...Fri Mar 06 1987 18:088
    At the last stockholder's meeting, the executive committee was given
    permission for a _2-for-1_ split.  I believe this was to allow DIGITAL
    the freedom to split the common stock if it so chose without needing
    to reconvene a shareholder's meeting.  That was back in Q1.  When
    the split will occur (if ever) has not been announced as far as
    I can find.
    
    BobW
278.7last timeSQM::HALLYBAre all the good ones taken?Sat Mar 14 1987 15:268
    Last time the stock split it closed at 166 on the day of the
    announcement.  I remember it well because the first I heard of 
    the split was watching the Nightly Business Report, and DEC was 
    the only stock "in the spotlight".

    Who needs what kind of permission to generate an N-for-1 split?

      John