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Technology Stocks : Digital Island,Inc - (Nasdaq- ISLD)

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To: Mohan Marette who started this subject3/3/2001 8:27:34 PM
From: james-rockford  Read Replies (2) of 1884
 
ISLD to issue an additional 100 million shares:

"In January 2001, the Board of Directors authorized.....subject to Shareholder approval, to increase the authorized number of shares of Common Stock to 200 million shares."

That is Proposal #2 which will come up for a vote at the shareholders meeting on April 3rd. Call me crazy but I don't think now is a real good time to be adding 100 million shares for a 3 buck stock.

This Proposal was included in the Company's Annual Report which I received in the mail today.
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