BroadVision (BVSN) Message Board

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Technology Stocks : BroadVision (BVSN)

BVSN 4.410

-0.5%

May 18 5:00 PM EST

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To: Paul Hargreaves who started this subject	5/5/2002 12:39:44 AM
From: james-rockford	of 3773

BVSN looking to do a reverse stock split. Usually means the beginning of the end: +DJ BroadVision Seeks Holder OK For Reverse Stock Split (Copyright © 2002 Dow Jones & Company, Inc.) (MORE) DOW JONES NEWS 05-03-02 08:28 AM DJ BroadVision/Reverse Split -2: To Maintain Nasdaq Listing WASHINGTON (Dow Jones)--BroadVision Inc. (BVSN) is seeking shareholder approval for a reverse stock split at any time prior to the company's 2003 annual meeting, according to a proxy statement filed late Thursday with the Securities and Exchange Commission. If approved, the proposal would give the board the authority to implement a 1-for-5, 1-for-6 or 1-for-9 reverse split. The board's decision whether to complete the reverse split will be based on the advice of management and financial consultants, with the primary purpose of retaining its listing on the Nasdaq National Market and the liquidity of its common stock, according to the filing. The filing states BroadVision is in compliance with all the listing requirements for the Nasdaq National Market. However, its common stock is in danger of falling below the $1-a-share minimum bid price requirement. The company's common stock closed at 92 cents a share on Thursday. BroadVision may undertake the reverse split if the common stock doesn't continue to meet the minimum bid price requirement or if it otherwise determines the reverse split is in the best interests of shareholders. Shareholders can vote on the proposal at the company's annual meeting scheduled June 26 in Redwood City, Calif. BroadVision designs, sells and supports software for businesses to build online sites for e-commerce, customer service and interactive content delivery. -Todd Goren; Dow Jones Newswires; 202-628-9782; todd.goren@dowjones.com (END) DOW JONES NEWS 05-03-02 08:45 AM

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