S3 (A LONGER TERM PERSPECTIVE) Message Board

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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)

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May 12 5:00 PM EST

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To: the hube who wrote (12589)	1/22/1999 11:25:00 PM
From: Zeev Hed	Read Replies (1) of 14577

John, it depends on the "by-Laws", many corporations have by-laws that do not require shareholders authorization for splits and the total par value of the authorized capitalization (the par value is typically split with the stock split, unless the stock split is a true dividends, which is rarely done, since it should be taxable), and thus automatically double the authorized number of shares. There are some cases where such split which involve appropriate increase in authorized shares require stockholders approval, but these are rarer. Zeev

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