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Technology Stocks : MindSpring Enterprises (MSPG) Another ISP.

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To: Mark S. who wrote (1033)5/25/1999 6:37:00 PM
From: Tom_  Read Replies (1) of 1434
 
2-1 Split.

MindSpring to split stock 2 for 1
By Bloomberg News, Special to CNET News.com
May 25, 1999, 2:50 p.m. PT

MindSpring Enterprises, the No. 4 U.S. Internet service provider, said it will split its shares 2 for 1 following a strong stock performance in the last year. The split will be payable on June 25 to shareholders of record as of June 11.

The split was approved by MindSpring shareholders today, the company said. MindSpring last split its shares 3 for 1 in July. While the company's stock has surged during the last 12 months, its shares have increased just 13 percent since the beginning of the year.

"We believe this action will help widen the distribution and enhance the marketability of MindSpring's common stock and bring the price per share...into a range which should generate increased interest from current and new shareholders," chief executive Charles Brewer said.
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Best wishes,
Tom
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