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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?

To: bkcraun who wrote (8809)	8/17/2000 8:09:20 PM
From: Manny	Read Replies (1) \| Respond to of 24256

Sun Microsystems Sets 2-For-1 Stock Split PALO ALTO (Reuters) - Sun Microsystems Inc. said on Thursday that its board of directors had set a 2-for-1 stock split as shares of the maker of powerful computer servers and workstations have tripled in the last year. Palo Alto, Calif.-based Sun Microsystems (NasdaqNM:SUNW - news) said that it shareholders of record on Nov. 9 will receive one additional share for each share owned. The split, in the form of a stock dividend, will be paid Dec. 5, pending shareholder approval. Sun, along with other Internet infrastructure providers, have benefited from the rapid roll-out of the Internet and the continuing digitization of information across the globe. EMC Corp., Oracle Corp. and Cisco Systems Inc. have been among the biggest beneficiaries of the Internet boom and have all announced stock splits in the past 12 months. Sun shares rose 4-1/16 to a record 119-7/16 on the Nasdaq. The stock has surged nearly nine-fold in the past two years and more than 3000 percent in the last five years.