Sid, Puma is up 9 points in Pre-market trading.
Puma Technology Declares 2-for-1 Stock Split
Board Of Directors Approves Stock Split
SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 23, 2000--Puma Technology, Inc. (Nasdaq:PUMA - news), a leading provider of mobile device management and synchronization software, announced today that its Board of Directors has approved a two-for-one split of its common stock. The stock split will be affected as a stock dividend. Stockholders of record as of the close of business on March 8, 2000 will be issued a certificate representing one additional share for each share of common stock held on the record date. These certificates will be distributed on March 22, 2000. The stock split will increase the number of shares of common stock outstanding from approximately 15,600,000 shares to approximately 31,200,000 shares. The 31,200,000 outstanding shares exclude an additional 10,000,000 shares reserved for issuance upon the closing of the NetMind merger adjusted on a post-split basis. The pending acquisition of NetMind is expected to close in the Company's third fiscal quarter |
