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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Cactusjac who wrote (62689)	9/23/1999 1:16:00 AM
From: puborectalis	Respond to of 120523

ZOOX to split?...SAN's must be hot product....Wednesday September 22, 9:07 am Eastern Time Company Press Release Genroco Declares Stock Split Stock Dividends to Increase Company's Float SLINGER, Wis.--(BUSINESS WIRE)--Sept. 22, 1999-- GENROCO, Inc. (GENROCO) (OTC Bulletin Board: ''GRCI''), a world leader in Storage Area Network (SAN) technology announced today that it will immediately undertake a three for one stock split in order to increase the number of its tradeable shares and reduce the price of a minimum one hundred share block of stock for small investors. Stockholders will receive two new shares of GENROCO common stock for each current share that they hold, thereby tripling the number of outstanding shares. Upon completion of the stock split, there will be approximately four million shares outstanding with about 750,000 shares in the ''float''. GENROCO began trading publicly through the ''pink sheets'' in October 1988 and is currently carried on the OTC Electronic Bulletin Board. After closing at a then all-time high of $9 per share on September 17th, 1998, the Company's stock did not exceed that mark until July 17 of this year when it closed at $9.50. Since that time, the stock has closed as high as $23.25 and has traded as high as $25. THIS NOTIFICATION OF THE AVAILABILITY OF GENROCO STOCK IS NOT AN OFFERING, A SOLICITATION, OR A RECOMMENDATION. About GENROCO GENROCO, Inc. is a 25 year old, publicly traded engineering and marketing company that specializes in developing I/O solutions for users of high performance storage area networks (SANs). By providing cross-platform support for its patented technology, the Company is able to offer unique, extraordinarily high bandwidth, low host overhead products for these markets. GENROCO enjoys a global customer base that includes Compaq, Fujitsu, SGI, Sun, the US Departments of Defense and Energy, CERN, and other research institutions. About Gadzoox Networks, Inc. Gadzoox Networks, Inc. (NASDAQ: ZOOX) is a leader in SAN (storage area network) products. The company provides networking solutions for enterprise storage with scalable, managed SAN solutions based on Gadzoox' Fibre Channel hubs, switches and management products. Serving as modular building blocks, Gadzoox' products are designed to address the growth in enterprise data through the evolving capabilities of SANs. According to the most recent Fibre Channel report from market research firm International Data Corporation, Gadzoox is the market share leader in combined hub and switch port shipments in 1997 and 1998. Gadzoox is an ISO 9001 certified company. Gadzoox corporate headquarters is located at 5850 Hellyer Avenue, San Jose, CA 95138, CA. For more information, visit the company's web site at www.gadzoox.com or call 888.423.3222.