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Technology Stocks : Extreme Networks, Inc. (EXTR)
EXTR 17.64-0.1%Nov 14 9:30 AM EST

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To: Jill who wrote (313)10/7/2000 3:49:58 PM
From: Jim Willie CB  Read Replies (2) of 770
 
95% of time, increased authorization of shares precedes splits

the 750 million share authorization enables Extreme Networks to split twice 2:1 in the future
(we like the psychology that splits create)

it also permits additional issuance for raising funds or making acquisitions
usually done infrequently on small scale
(healthy dilution, cheapest form of raising cash)

it also eases redemptions of executive stock options
(nasty fact of life to shareholders)

but the central reason: UPCOMING STOCK SPLITS
can you say "YAHOO" ???

very positive very positive
best news I have seen all week
/ Jim
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