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Technology Stocks : Emulex, What Prospects? -- Ignore unavailable to you. Want to Upgrade?

To: Kiriwuth Path who wrote (747)	11/16/2000 2:34:09 PM
From: Diana	Respond to of 788

Alot of Bear Market between now and 12-15-00 . . . . Thursday November 16, 2:01 pm Eastern Time Press Release Emulex Stockholders Approve Two-For-One Stock Split and Increase in Authorized Shares COSTA MESA, Calif.--(BUSINESS WIRE)--Nov. 16, 2000--Emulex Corp. (Nasdaq:EMLX - news), a leader in fibre channel technology and products, Thursday announced that its stockholders have approved an amendment of the company's Certificate of Incorporation to increase its authorized shares of common stock from 120 million to 240 million and to split its outstanding shares on a two-for-one basis. The stock split will apply to each share of common stock outstanding to stockholders of record on Nov. 30, 2000. The distribution date for the stock split is Dec. 15, 2000 at which time the new shares will be distributed by the company's transfer agent. Subsequent to the stock split, Emulex will have approximately 74 million shares outstanding.