Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 204.41

-1.0%

Nov 14 9:30 AM EST

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To: David Musser who wrote (27978)	12/16/1997 8:42:00 AM
From: Gary Korn	Read Replies (1) of 61433

(COMTEX) COMPAQ: Compaq shareholders approve increase in authorized s COMPAQ: Compaq shareholders approve increase in authorized shares DEC 15, 1997, M2 Communications - Shareholders of Compaq Computer Corporation (NYSE: CPQ) approved an increase in authorized shares of Compaq common stock. This action permits Compaq to carry out a two-for-one stock split that was approved by Compaq's Board of Directors in October. [GCK Comment: And the action leaves about 1.5 billion authorized shares left over for other business purposes] "This stock split reflects our confidence in Compaq's long-term growth," said Benjamin M. Rosen, Chairman. "The stock split will also make it easier for individuals to invest in Compaq." Shareholders of record as of December 31, 1997, will receive one additional share of common stock for every one share they own on that date. The shares being distributed in the stock split will be recorded in book-entry form in stockholder accounts on January 20, 1998. Compaq's outstanding shares will formally reflect the two-for-one stock split and trade on a post-split basis on January 21, 1998.

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