To: Patrick E.McDaniel who wrote (43142 ) 5/19/1998 9:27:00 AM From: Ben Hines Read Replies (5) | Respond to of 176387
DELL BOARD APPROVES TWO-FOR-ONE STOCK SPLIT, COMPANY'S FOURTH SPLIT IN FIVE YEARS ROUND ROCK, Texas, May 20, 1997 - The Board of Directors of Dell Computer Corporation (Nasdaq:DELL), the world's leading direct computer systems company, today declaired a two-for-one split of the company's common stock. The stock split is subject to shareholder approval of an increase in authorized shares at Dell's annual meeting on July 18, 1997. With approval of the increase in authorized shares by Dell shareholders, the stock split will be paid as a 100-percent stock dividend on July 25, 1997, to shareholders of record on July 18, 1997. The split, which was announced in conjunction with the company's first-quarter earnings, would be the fourth in five years for Dell stock, and the second in eight months. The market value of Dell stock has more than doubled since the last split was announced in November 1996. In calendar-year 1996, the 207-percent appreciation of Dell stock led all companies comprising the Standard & Poor's 500. "We are committed to delivering excellent financial results and superior value to Dell shareholders," said Michael Dell, chairman and chief executive officer. "With our first quarter performance and the planned stock split, we've demonstrated this on both counts." A Fortune 500r company, Dell Computer Corporation is the world's leading direct computer-systems company, based on revenues of $8.7 billion for the past four quarters. Dell designs and customizes products and services to end-user requirements, and offers an extensive selection of peripherals and software through the DellWarer program. Information on Dell and its products can be obtained through its toll-free number, 1-800-388-8542, or by accessing the Dell World Wide Web server at www.dell.com. # # # gotcha. :)