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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: engineer who wrote (1969)9/28/1999 8:48:00 PM
From: JGoren  Respond to of 13582
 
Shareholder authorization is for either, but the initial use will clearly be to split or have a stock dividend.

I think the company is learning to manage the street and shareholder expectations by making the announcement at this time. It quells speculation and pressure. The number to be authorized will be determined later and then announced. Thus, two positive news stories. Maybe release the split or stock dividend amount later for another positive story.



To: engineer who wrote (1969)9/28/1999 8:59:00 PM
From: waverider  Respond to of 13582
 
Good question <eom>



To: engineer who wrote (1969)9/28/1999 9:48:00 PM
From: DaYooper  Respond to of 13582
 
>>Jacobs, who is also chairman, said the company needs to boost its shares outstanding so more people can buy them.<<

Indicates a split, imo.


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