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Thursday August 8 7:10 PM EDT
Sun Microsystems Announces a Two-For-One Stock Split
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aug. 8, 1996-- Sun Microsystems Inc today announced that its Board of Directors has approved a two-for-one stock split, to be effected in
the form of a stock dividend, subject to stockholder approval of an increase in the Company's authorized shares of Common Stock, $0.00067 par value.
Such approval will be sought at the Company's Annual Meeting of Stockholders to be held on November 13, 1996 (the record date for which will be September 17, 1996). Subject to receiving
such stockholder approval, the record date for the stock split will be November 18, 1996 and thereafter, on December 10, 1996, the transfer agent will mail certificates representing one
additional share for each share held on this record date. Should stockholder approval be obtained, the stock split will increase the number of shares of the Company's Common Stock outstanding
from approximately 186,500,000 shares to 373,000,000 shares.
With annual revenues exceeding $7 billion, Sun Microsystems, Inc. provides products and services that enable customers to build and maintain open network computing environments. Widely
recognized as a proponent of open standards, the company is involved in the design, manufacture and sale of products, technologies and services for commercial and technical computing.
Sun's SPARC(TM) workstations, multiprocessing servers, SPARC microprocessors, Solaris operating software and ISO-certified service organization each rank No. 1 in the UNIX industry.
Java(TM), Sun's platform-independent programming language, provides a comprehensive solution to the challenge of programming for complex networks, including the Internet. Sun Microsystems
was founded in 1982, and is headquartered in Mountain View, Calif.
Note to Editors: Sun, the Sun logo, Sun Microsystems, UltraComputing, Ultra, and Java are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other
countries. All SPARC trademarks are used under license and are trademarks or registered trademarks of SPARC International, Inc. in the United States and other countries. Products
bearing SPARC trademarks are based upon an architecture developed by Sun Microsystems, Inc.
Press announcements and other information about Sun Microsystems are available on the Internet via the World Wide Web using a tool such as Netscape or NCSA Mosaic. Type sun.com at the URL prompt.
CONTACT: Sun Microsystems Inc.
Investor Relations, 415/336-6299
or
Susanne Vagadori, 415/786-8281 (Press Relations) |
