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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.08+0.1%Nov 7 9:30 AM EST

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To: Eski who wrote (32307)2/14/2000 9:10:00 AM
From: Nick  Read Replies (2) of 77397
 
Here's what is confusing to me...take this announcement by today QQQ:

"WASHINGTON, Feb. 14 /PRNewswire/ -- The Nasdaq Stock Market© today announced that the Board of Directors of Nasdaq Investment Product Services, Inc., the sponsor of the Nasdaq-100 Index Tracking Stock(SM) (Amex: QQQ - news), has approved a two-for-one stock split. The payment date for the stock split will be March 17, 2000, payable to stockholders of record on February 28, 2000."

What is this saying? That if you become a shareholder on or after Feb. 28...you won't particpate in the split. My reasoning is obviously wrong, but what's the signifigance of that Feb. 28th date?

Thanks,

N
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