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

To: Windseye who wrote (45276)	1/26/1999 12:19:00 PM
From: Calvin	Respond to of 97611

Yep, they did! ----------------- Tuesday January 26, 11:21 am Eastern Time IBM sets 2-for-1 stock split ARMONK, N.Y., Jan 26 (Reuters) - International Business Machines Corp., the world's biggest computer maker, on Tuesday declared, as expected, a 2-for-1 stock split , just one day after software rival Microsoft Corp. (Nasdaq:MSFT - news) set its stock split. IBM (NYSE:IBM - news), which posted fourth quarter earnings last week exceeding Wall Street expectations, saw its shares surge $4.56 to $185.56 in New York Stock Exchange trading Tuesday morning following news of the stock split. The company's stock split is subject to approval by its stockholders of an increase in the number of common shares to $4.69 billion. The record date of the split is expected to be May 10, with distribution of the split shares to follow on or about May 26. In addition, the company's board set a regular quarterly cash dividend of 22 cents a share, payable March 10 to stockholders of record on Feb. 10. Analysts told Reuters this week they expected the computer maker to announce the split sometime after its board meeting Tuesday. Speculation of the stock split helped stem a two-day slide that has sent its shares down nearly $20 since posting fourth quarter results last week. The stock's year low is $95.625, its year high $199.25