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Technology Stocks : MMTM -- Ignore unavailable to you. Want to Upgrade?

To: Charles T. Russell who wrote (5)	1/19/1999 12:40:00 PM
From: LakesideTrader	Respond to of 68

That's the info I had too. My broker (Schwab) has not awarded my shares either. Thanks for the response.

To: Charles T. Russell who wrote (5)	1/20/1999 1:13:00 AM
From: pass pass	Read Replies (1) \| Respond to of 68

stated that PSFT shareholders would receive one share of MMTM for each 50 PSFT shares owned as of 1/15/98. I think PSFT said in its news release the cut-off date is 12/31/1998. Looks like my broker has some explanation to do, again! ------------ FOR IMMEDIATE RELEASE Contact: PSFT - 81 Alfred J. Castino Chief Financial Officer PeopleSoft, Inc. (925) 694-2856 al_castino@peoplesoft.com PEOPLESOFT, INC. ANNOUNCES RECORD DATE FOR SPECIAL DISTRIBUTION OF SHARES OF MOMENTUM BUSINESS APPLICATIONS, INC. Pleasanton, CA- December 30, 1998 –PeopleSoft, Inc. today announced that December 31, 1998 will be the record date for the special distribution of shares of Momentum Business Applications, Inc. (“Momentum”) Class A Common Stock to the holders of PeopleSoft Common Stock. Holders of record on December 31, 1998 will receive one Momentum share of Class A Common Stock for every 50 shares of PeopleSoft common stock owned. Certificates representing the Momentum shares will be mailed to PeopleSoft stockholders on or about January 15, 1999. Momentum, a newly established enterprise in the software industry, was recently formed by PeopleSoft to accelerate research and development in the critical areas of e-business, analytic applications and industry-specific software products. It is expected that the Momentum shares will be traded under the symbol “MMTM” on the Nasdaq National Market. By December 31, 1998, PeopleSoft will have contributed $250 million to Momentum. PeopleSoft will account for the fair market value of the shares distributed as a dividend and will expense the remainder. PeopleSoft and Momentum have entered into a development agreement pursuant to which PeopleSoft and possibly other third parties will undertake research and development activities on behalf of Momentum. PeopleSoft holds an option to acquire exclusive licensing rights with respect to individual products developed by Momentum. PeopleSoft also holds an option to purchase all of the outstanding Momentum Class A Common Shares at a price to be set by a predetermined formula.