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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: J. De Motte who wrote (26045)3/4/1999 12:35:00 AM
From: kurt aichler  Read Replies (2) of 120523
 
Jeanne, Where did you get your information regarding athm split. It was just announced yesterday. This is the only news related to this I am aware of.

kurt

By Stephanie O'Brien, CBS MarketWatch
Last Update: 4:41 PM ET Mar 2, 1999 Also: NewsWatch

REDWOOD CITY, Calif. (CBS.MW) -- Shares of AtHome rose 9.3 percent after the Internet media company said it plans to split its stock 2-for-1.



Redwood City, Calif.-based AtHome (ATHM) uses cable TV systems to provide high-speed Internet and other online services to consumers and businesses.

Shares rose 10 to 117 1/8 in recent trading.

The split requires stockholder approval of an increase in the company's authorized number of shares at its 1999 annual meeting, according to an AtHome statement. The shareholder meeting is likely to take place within three months, said company spokesman Matt Wolfrom.

Wolfrom declined to elaborate on any other matters or say why the company decided to split its stock.
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