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Technology Stocks : America On-Line: will it survive ...?
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To: Steve Robinett who wrote (11429)10/12/1998 3:25:00 PM
From: Jules B. Garfunkel  Read Replies (1) of 13594
 
Steve, Thanks for the link.

Here is the exact quote from the cover page.

"Steve Case noted we're seeking the increase to allow for a number of possible corporate actions, including stock splits. As a matter of policy our Board would not announce a split unless there were sufficient shares authorized to accommodate one. And, since it was only a few months ago that you last approved a share increase, only to see it followed by a split, we hoped this time to give our Board plenty of flexibility to act -- including to declare a couple of splits should they consider it appropriate -- before coming back to you for further authorization."

I interpret this to be very indefinite and NOT indicative of an impending stock split in the immediate future.
Jules
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