SplitTrader.com Announces Investment Opinion on Scientific-Atlanta Inc.
DWB, can you imagine a site devoted to splitters???
TUESDAY, FEBRUARY 22, 2000 11:19 AM
- BusinessWire
LITTLETON, Colo., Feb 22, 2000 (BUSINESS WIRE) --
Broadband Cable Systems Company to Split Shares Scientific-Atlanta Inc. (NYSE:SFA) declared a 2-for-1 split of the Company's common
shares Tuesday. The split will be effected as a 100% dividend. The Board of Directors has set a payable date of March 27, 2000.
Approximately 79 million shares are currently outstanding.
Also announced was a dividend of $0.01 per share (post-split) payable on April 11, 2000, to shareholders of record as of March 28, 2000.
This represents a 33% increase in the regular quarterly dividend.
SFA is one of the largest makers of set-top boxes used by subscribers to receive cable TV programming and broadband Internet services.
Other services include satellite-based video and voice and data communications networks.
Today's announcement marks the third time that SFA has split the Company's shares. The most recent split came in 1994 while the stock
was trading at $39.25. Shares of the Company have more than doubled since January 6th, 2000, when SFA was trading at $50.18. Due to
the excitement surrounding the broadband Internet build-out, SplitTrader.com expects this momentum to continue. We will be watching
closely for an opportunity to add the stock to our Recommended Split List.
Visit SplitTrader.com today for a detailed profile of SFA. To view a chart on Scientific-Atlanta, please click on the link below.
Chart = splittrader.com
About www.SplitTrader.com, the FREE website for stock split traders: www.SplitTrader.com (ST) specializes in showing investors how to
properly trade stock splits and is the leading website for identifying new split candidates. ST offers daily market commentary, thorough
analysis, and market-beating performance in its stock recommendations. ST offers a complete sector watch, insightful editorials, e-mail
split notifications, a complete split calendar, and a host of focused chatrooms and message boards. Visit splittrader.com and
sign up for their FREE membership.
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CONTACT: SplitTrader.com, Littleton
Louis Horkan, 303/797-0200
info@splittrader.com
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GEOGRAPHY: COLORADO
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OPINION
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