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Strategies & Market Trends : LastShadow's Position Trading

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To: AlienTech who wrote (5192)12/31/1998 9:30:00 AM
From: Susan Saline  Read Replies (1) of 43080
 
free stock for PSFT stockholders .....

Thursday December 31, 7:07 am Eastern Time

PeopleSoft sets record date for spin-off

PLEASANTON, Calif., Dec. 31 (Reuters) - PeopleSoft Inc on late Wednesday set Dec.
31 as the record date for the planned distribution of shares in Momentum Business
Applications Inc to PeopleSoft stockholders.

Stockholders of record on that date will receive one Momentum Class A share for every 50 shares of PeopleSoft common
owned. Certificates will be mailed on or about Jan. 15, 1999.

Momentum was formed by PeopleSoft for research and development in areas of e-business and other industry-specific
software. The company expects its shares to trade under the symbol MMTM on the Nasdaq stock market.

PeopleSoft is a global supplier of enterprise application software for business and government.
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