Stock Split
Symbol Board Authorized Stock Split
HOLTSVILLE, NY--(BUSINESS WIRE)--May 11, 1999--The Board of
Directors of Symbol Technologies, Inc. (NYSE: SBL), at its meeting
yesterday, approved a three-for-two split of the Company's common
stock to be effected as a 50 percent stock dividend. The stock
dividend is payable on June 14, 1999 to shareholders of record at the
close of business on June 1, 1999.
"The Board's action reflects our strong financial performance, as
well as our commitment to expand our shareholder base and marks the
third consecutive year in which such a stock split has occurred," said
Dr. Jerome Swartz, Symbol's chairman and chief executive officer. "The
stock split will make Symbol's shares available to a broader range of
the investing public and, we believe, enhance shareholder value."
Symbol Technologies Inc. is a global leader in mobile data
management systems with innovative customer solutions based on
wireless local area networking for voice and data,
application-specific mobile computing and bar-code data capture.
Symbol's wireless LAN solutions are installed at more than 40,000
customer locations worldwide and support more than seven million
Symbol scanners and application-specific mobile scanner-integrated
computer systems. Symbol provides point-of-activity computing
solutions for retailing, transportation and distribution logistics,
parcel and postal delivery, healthcare, manufacturing and other
industries. Information is available from Symbol at 1-800-722-6234 or
at www.symbol.com. |
