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Q: Historical stock prices - telecom stocks ( Answered 5 out of 5 stars,   2 Comments )
Question  
Subject: Historical stock prices - telecom stocks
Category: Business and Money > Finance
Asked by: lis1234-ga
List Price: $15.00
Posted: 10 Apr 2005 15:41 PDT
Expires: 10 May 2005 15:41 PDT
Question ID: 507571
We need historical stock prices as of 11/20/94 for the following
stocks.  Pacific Telesis, Airtouch Communications, Nynex, Bell
Atlantic, Bell South, SBC Communications, Ameritech.  My fiance
inhereted these stocks from his Dad and we need to establish his basis
for this year's sales, hence time is of the essence.
Answer  
Subject: Re: Historical stock prices - telecom stocks
Answered By: omnivorous-ga on 11 Apr 2005 05:27 PDT
Rated:5 out of 5 stars
 
Lis1234 ?

Normally Yahoo! Finance or BigCharts.com can be used for stock prices
back to about 1990.  But unfortunately they don?t keep the de-listed
stocks in their database.

So your best bet is a daily newspaper from that era or archives of the
Wall Street Journal.  The New York Times is available online at many
public libraries via a service called Proquest Historical newspapers. 
The day that you?re seeking --  Nov. 20, 1994 ? was a Sunday, so we
used the Friday, Nov. 18 closing prices as published in the Saturday
newspaper. Closing prices were:

Airtouch Communications (NYSE) 27 , -3/8

Ameritech (NYSE) 40 , -1/4

Bell Atlantic (NYSE) 50 7/8, unchanged

Bell South (NYSE) 51 3/8, -5/8

Nynex (NYSE)  38 , -1/4

Pacific Telesis (NYSE)  28 5/8, -1/4

SBC Communications (NYSE)* 41 7/8, unchanged 

*  Note that this company was known as Southwestern Bell through April 26, 1995.

For the trading day on Friday, the Dow-Jones Industrial average was
down 12.79 points and stood at 3815.26.


Best regards,

Omnivorous-GA
lis1234-ga rated this answer:5 out of 5 stars and gave an additional tip of: $2.00
Excellent and fast!

Comments  
Subject: Re: Historical stock prices - telecom stocks
From: elwtee-ga on 11 Apr 2005 06:34 PDT
 
a couple of things you might consider. it is not clear from your post
if you inherited this stock this year or in 1994. if your inheritance
happened this year the november 94 price should be of no consequence
as you will establish a cost basis as of the date of death.

you should also be aware, if as i suspect from your post, what you
have is certificates dated somewhere between 1984 when at&t was
divested of the regional bell companies and the 11/94 date you
mention, some of the companies you inquired about no longer exist in
that form. SBC (SBC - NYSE)  and Bellsouth (BLS - NYSE) continue to
exist and are listed on the NYSE. The other five have all been merged
into other companies. Airtouch wound up as part of Vodaphone (VOD -
NYSE). Nynex was absorbed into Bell Atlantic. Bell Atlantic became a
piece of Verizon (VZ - NYSE). Pacific Telesis is part of SBC.

the reason you want to know that is if you are holding certificates,
(and i think you are because stock of those companies as titled
couldn't exist on a brokerage statement for years now), establishing
ownership of shares in the companies that no longer exist and you are
trying to sell those shares, this will complicate and slow the process
a bit. ditto if those shares are registered in someone else's name,
such as your fiances dad. as i can't be sure that my suppositions are
correct i won't overrun you with details but expect to provide
documentation establishing death and your right to the shares before
they can be reregistered or sold. also, someone now has to do the work
and figure out what compensation was offered years ago in exchange for
these shares and how much of that is still available. without looking
it up my best guess in these cases is all of it but again, what you
currently actually own as compared to what the certificate you are
holding says you own needs to be clearly established before you can
liquidate.

in order to determine the value of your holdings you can contact each
transfer agent and they will walk you through it and tell you what
they require to reissue the certificates. you can contact investor
relations at each of the surviving corporations. they are likely to be
of help or give you a more direct route to the active transfer agent.
or you can deliver the certificates to your broker and have the
brokerage firm's reorganization department do all the work. some firms
will do this as part of their service, some will charge for the
effort. depending on your relationship with your broker, i wouldn't
pay for the reorg work. tell the broker when the certificates are
clear he will get the sell transaction, the possible reinvest
transaction and his fee for those transactions.

final thought, if you are actually holding old certificates some
possibilites exist. the good one, somewhere along the way the
companies lost touch with your relative maybe suggesting why the
exchanges were never done. if that is the case and these are
legitimate registered shares and the various companies could not
locate your father-in-law then they have been putting his dividends
and split shares and the like in an account for him. if that is the
case, make sure you lay claim to those assets. the bad one, old
certificates like this often exist because the holder couldn't
remember where he put them and somewhere along the way claimed them as
lost and got replacements from the companies in question. if that is
the case then the certs claimed as lost are void and valueless because
they have been duplicated.

good luck and hope i didn't waste your time with things that weren't
applicable because i certainly went beyond the scope of your question.
Subject: Re: Historical stock prices - telecom stocks
From: lis1234-ga on 15 Apr 2005 04:13 PDT
 
Thanks Omnivorous-ga, we really appreciate your help.  I'm a CPA and I
just didn't have time to get to the library to look these up myself,
things being a tad busy at work these days.  Happy April 15th!!!

elwtee-ga - The reason we needed the stock info was to establish basis
for the sale in 2004 of shares inherited in 1994.  The certificates
aren't an issue but thanks anyway.

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