Hello Pat!
And here is even more good news. Island is now showing $188. Bodes well for tomorrow. Letïs see if we can take out 200!
biz.yahoo.com
Monday December 20, 6:46 pm Eastern Time
Company Press Release
SOURCE: SDL, Inc.
SDL Announces Two-for-One Stock Split Pending Stockholder Approval at Special Meeting on February 28, 2000
SAN JOSE, Calif., Dec. 20 /PRNewswire/ -- SDL, Inc. (Nasdaq: SDLI - news) today announced that its Board of Directors has approved a two-for-one stock split to be effected in the form of a stock dividend. The split is subject to stockholder approval of an increase in the company's authorized shares of Common Stock to 140 million shares. Stockholders will vote on the proposed increase in the authorized capital at a special meeting of the company's stockholders to be held on February 28, 2000. The stock split would increase the number of SDL shares outstanding from approximately 36,000,000 to approximately 72,000,000.
The record date for the Special Meeting is January 4, 2000, and, subject to stockholder approval, the record date of the stock split is expected to be February 29, 2000, and the expected mailing date of certificates representing the additional shares is expected to be approximately March 13, 2000. Assuming approval by the stockholders of the increase in Common Stock, SDL expects its Common Stock to begin trading on a post-split basis on approximately March 14, 2000.
SDL's products power the transmission of data, voice, video and Internet information over fiber optic networks to meet the needs of telecommunications, dense wavelength division multiplexing (DWDM), cable television and satellite communications applications. They enable customers to meet the bandwidth needs of increasing Internet, data, video and voice traffic by expanding their fiber optic communications networks much more quickly and efficiently than would be possible using conventional electronic and optical technologies. SDL's optical products also serve a variety of non-communications applications, including materials processing and printing. Additional information about SDL, Inc. is available on the Internet at www.sdli.com.
SOURCE: SDL, Inc. |
