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To: Bucky Katt who wrote (7784)	4/15/2002 4:07:47 PM
From: fastcats	Read Replies (1) \| Respond to of 48461

William, DVIN is another reverse split candidate. How does that influence your outlook? TIA, fc Divine Inc Seeks Holder OK For Reverse Stock Split Updated: Monday, April 15, 2002 09:37 AM ET WASHINGTON (Dow Jones)--Divine Inc. (DVIN, news, msgs) is seeking shareholder approval for a reverse stock split, according to a proxy filed late Friday with the Securities and Exchange Commission. If the proposal is approved, it will allow the board at its discretion to put into effect a reverse split between 1-for-10 and 1-for-25. On Feb. 14, the company received a letter from Nasdaq National Market informing Divine that it was in danger of being delisted from Nasdaq because its stock price was below the $1 a share minimum bid price for the previous 30 consecutive trading days. Shares of Divine closed Friday at 36 cents a share. The stock must be above $1 a share for 10 consecutive trading days by May 15 to maintain its listing on Nasdaq. Divine said in the filing that it intends to request a hearing before the Nasdaq Listing Qualifications Panel to present its plan. If the reverse split isn't approved, the company may be delisted from the Nasdaq National Market, which could significantly decrease liquidity in the stock, reduce the trading price and increase transaction costs of trading shares, according to the filing. In addition, the continued listing on the Nasdaq National Market is a condition of Divine's ability to close its pending acquisition of Delano Technology Corp. (DTEC, news, msgs) and Viant Corp. (VIAN, news, msgs). Shareholders will have the right to vote on the proposal at the company's annual meeting scheduled for May 21 in Chicago. Divine is an enterprise software and services company.