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To: Mark Fowler who wrote (135941)12/17/2001 9:44:24 AM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
When a stock splits in a recession would you say that's a good sign for Symantec?.
09:24 ET Symantec is saying that its board has declared a two-for-one stock split of its common shares. The split will be paid on Jan. 31 to shareholders of record on Jan. 17. "Internet security continues to be one of the highest priorities for IT organizations and this has helped us sustain our business," said John Thompson, the company's chairman, president and CEO, in a press release. "This stock split reflects the confidence we have in the long-term growth opportunities for our company." In addition, the company said its stock will be added to the Nasdaq-100 index effective Dec. 24. The shares closed Friday at $67.16, up 2.2 percent.