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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Charles Tutt who wrote (26024)	1/10/2000 12:54:00 PM
From: briank	Respond to of 64865

As I recall, the last split was announced when the stock was around this level. Also share holders have already approved increasing the number of share for the next split. PALO ALTO, CA, September 17, 1999 -- Sun Microsystems, Inc, (NASDAQ: SUNW) today announced that its Board of Directors has approved a two-for-one stock split, to be effected in the form of a stock dividend, subject to stockholder approval of an increase in the Company's authorized shares of Common Stock to 3.6 billion shares. Such approval will be sought at the Company's Annual Meeting of Stockholders to be held on November 10, 1999 (the record date for which was September 14, 1999). Subject to receiving such stockholder approval, the Record Date for the stock split will be November 11, 1999 and thereafter, on December 7, 1999, the transfer agent will mail certificates representing one additional share for each share held on this Record Date. Should stockholder approval be obtained, the stock split will increase the number of shares outstanding from approximately 780,552,000 to approximately 1,561,104,000 shares.