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Technology Stocks : Dell Technologies Inc.

DELL 119.80

-2.4%

2:27 PM EST

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To: Klaus who wrote (124178)	5/12/1999 4:55:00 PM
From: Mohan Marette	Read Replies (2) of 176387

Check this out for the answer--> Double your pleasure (stock) here. Dell seeking to more than double its shares By Jerry Mahoney American-Statesman Staff Published: May 12, 1999 For the third year in a row, Dell Computer Corp. stockholders are being asked to more than double the number of authorized shares -- a move that may signal another stock split soon. This year's request, contained in Securities and Exchange Commission filings, would increase the number of authorized shares from 3 billion to 7 billion, when Dell holds its 1999 shareholders meeting July 16 at the Austin Convention Center. Last year, Dell investors approved a measure boosting the authorized shares to 3 billion, up from 1 billion. In July 1997, they overwhelmingly endorsed an increase from 300 million to 1 billion. By themselves, such authorizations do not mean a split is imminent. That takes a vote by the board of directors. "It means at some point they're going to split the stock again," said Steve Dube of Wasserstein Perella Securities in New York. He said it is unlikely that directors will declare a split when first-quarter earnings are reported Tuesday.

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