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Technology Stocks : Osicom(FIBR) -- Ignore unavailable to you. Want to Upgrade?

To: Robert Gordon who wrote (7555)	7/17/1998 12:35:00 PM
From: Elliott Dunwody	Read Replies (1) \| Respond to of 10479

1 for 3 people, lets get it right now. Osicom sets 1-for-3 reverse stock split July 17, 1998 09:42 AM SANTA MONICA, Calif., July 17 (Reuters) - Osicom Technologies Inc. Friday said its board of directors has authorized a one-for-three reverse stock split. Osicom, a computer networking product maker, said in a statement that the reverse split will take effect on July 24. The reverse split will reduce the number of common shares outstanding, as of May 31, 1998, from 21,462,388 to approximately 7,170,000 shares which includes fractional shares that will be paid in whole, the company's statement said. Osicom said its common shares authorized for possible issuance will be reduced from 50,000,000 to 16,666,666. ((New York Newsdesk 212-859-1700; Fax 212-859-1717)) REUTERS