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Technology Stocks : Brocade Communications Systems,Inc. (Nasdaq-BRCD)

BRCD 12.73

0.0%

Nov 20 4:00 PM EST

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To: Neville H. J. Gorman who wrote (211)	9/30/1999 9:38:00 AM
From: Mohan Marette	Read Replies (1) of 1583

Neville,Excellent news -STOCK SPLIT, I am back in. Thursday September 30, 8:22 am Eastern Time Company Press Release SOURCE: Brocade Communications Systems, Inc. Brocade Calls Stockholder Meeting to Affect a Two-for-One Stock Split SAN JOSE, Calif., Sept. 30 /PRNewswire/ -- Brocade Communications Systems, Inc. (BROCADE©) (Nasdaq: BRCD - news), a leading supplier of Fibre Channel fabric solutions for Storage Area Networking, announced today that its Board of Directors will call a special meeting of its stockholders. The purpose of the special meeting is to seek stockholder approval to increase the number of its authorized shares of Common Stock. The increase in authorized shares will allow the Board of Directors to approve a two-for-one split of its Common Stock, to be affected in the form of a stock dividend. The Company expects that the special meeting will be held on or around November 3, 1999. Upon the increase in the authorized shares, the Board will set the record date for the stock dividend with the intention that shares will begin trading on a split-adjusted basis in early December, 1999. biz.yahoo.com

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