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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Scot who wrote (112748)	5/25/2000 2:59:00 PM
From: tejek	Read Replies (1) \| Respond to of 1571354

Looks like the split is being reserved for another day I would not be too disappointed; this is not a great time to be announcing splits. KEM announced a split last week and is down 14 pts. Timing is everything and I think we will see in hindsight, the value of AMD waiting to do the split later. ____________________________________________________________ Advanced Micro Shareholders Approve Boost in Authorized Shares Sunnyvale, California, May 25 (Bloomberg) -- Advanced Micro Devices Inc., Intel Corp.'s chief rival in the market for computer processors, said shareholders approved an increase in shares outstanding, paving the way for a possible stock split. Advanced Micro said shareholders voted in favor of the proposal to boost the shares allowed to 750 million from 250 million at a special meeting today. The company's stock has more than doubled this year, making it the best performer on the Standard & Poor's 500 Index in 2000. No split has been unveiled, though the company has said the increase in authorized shares would give it the ability to split the stock in the form of a dividend. Advanced Micro last split its stock in 1983. Sunnyvale, California-based Advanced Micro rose 2 to 74 11/16 in midafternoon trading today. May/25/2000 14:38 ET For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P. Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 2000 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.