Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.15

-1.5%

Nov 20 3:59 PM EST

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To: Pierre Aydin who wrote (22625)	11/11/1997 11:36:00 AM
From: Gary Korn	Read Replies (2) of 61433

Gary, get your facts straight, CPQ is doing a 3 for 2 split not 2 for 1. Pierre, I'm sorry I wasn't up to your standards! I made the mistake of relying on CPQ's 14-C. Here is a snippet from the definitive 14-C which says 2-1. Shall I not rely on SEC filings again? "The Board believes that it is in the best interest of Compaq and its stockholders to increase the number of shares of common stock to effect a two-for-one stock split and for other corporate business needs that might include the acquisition of other businesses and equity incentives for employees. Subject to stockholder consent to the increase in authorized shares, Compaq plans to effect the two-for-one stock split in the form of a stock dividend to record holders of December 31, 1997." Gary Korn

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