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Technology Stocks : Nortel Networks (NT)
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To: hari t who started this subject1/17/2004 7:03:42 PM
From: Jaknik2  Read Replies (1) of 14638
 
Anyone have an opine on this? Is this still a possibility? Big investors won't dive in until this passes, IMHO.

Jak

Common shares
At the Nortel Networks annual and special shareholders’ meeting on April 24, 2003, shareholders gave authority to
the Nortel Networks Board of Directors to implement a consolidation of Nortel Networks outstanding common
shares, also known as a reverse stock split. As a result, Nortel Networks Board of Directors has the authority at its
sole discretion to implement a consolidation of Nortel Networks common shares at any time, if at all, prior to
April 15, 2004. If a share consolidation is determined to be in the best interests of Nortel Networks and its
shareholders, Nortel Networks Board of Directors will select a consolidation ratio within the range of one
post-consolidation common share for every five pre-consolidation common shares to one post-consolidation common
share for every ten pre-consolidation common shares.
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