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From: tfilm@ihuxn.UUCP
Newsgroups: net.invest
Subject: Stock Rip Off?
Message-ID: <519@ihuxn.UUCP>
Date: Mon, 23-Jan-84 14:49:35 EST
Article-I.D.: ihuxn.519
Posted: Mon Jan 23 14:49:35 1984
Date-Received: Fri, 27-Jan-84 06:14:26 EST
Organization: AT&T Bell Labs, Naperville, IL
Lines: 17

One can estimate the values of
AT&T stock before divestiture and
mixed AT&T/TELCO stock after divestiture.
Before the fact, if one held 100 shares of AT&T
at a nominal value of $60 per share,
he would have 100 X $60 = $6000.
After the split, the share holder has 100 AT&T and 70 TELCO
shares, all slightly different in face value.
If all 170 shares were normalized to $6000/170 = $35.29,
the shareholder would break even, however
I don't see any of the 8 companies' shares
near this value.
This appears to be a whopping loss for all the 
AT&T common stock holders. 

I hope that I am wrong, perhaps someone can
clarify this.