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Strategies & Market Trends : Z PORTFOLIO

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To: Larry S. who wrote (11300)1/14/2004 8:46:23 AM
From: Larry S.  Read Replies (1) of 11568
 
Taser declares 3-for-1 stock split (TASR) By Michael Baron
NEW YORK (CBS.MW) -- Taser International (TASR) said its board has declared a three-for-one stock split. The split will be on Feb. 10 to shareholders of record on Jan. 26. The move will increase Taser's outstanding stock to 12.67 million shares from 4.22 million shares. "The Board of Directors has declared this 3-for-1 stock split to reduce the stock's price per share and increase its market liquidity for the purpose of enhancing the securities' appeal to both private and institutional investors," said Rick Smith, the company's CEO, in a press release. Shares of the Scottsdale, Ariz., maker of advanced less-lethal weaponry closed Tuesday at $101.25, down 2.1 percent. The stock has more than tripled since the beginning of October.
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