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Technology Stocks : PLPT: Pulsepoint Communications (previously DGSD) -- Ignore unavailable to you. Want to Upgrade?

To: Mike Winn who wrote (161)	1/1/1998 9:36:00 PM
From: del clark	Read Replies (1) \| Respond to of 614

The Dec 19 press release states the total commnon shares outstanding will be 58,198,262 after the transaction is completed with Microsoft. They also announced that they are proposing a 1 for 5 reverse split. Dec 29 Reuters story states Microsoft has a 32% stake in DGSD and that their preferred shares grants them 10 shares of common stock for each prefered share. Now am I reading this right? Microsoft gets prefered shares at .75 They go through a reverse split and common shareholders get one for evey 5 shares owned while Microsoft gets 5 shares for evey one share owned because they started out with the equivilent of 10 shares for one. This doesn't sound right to me. Can someone explain this? Del