Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : AT&T -- Ignore unavailable to you. Want to Upgrade?

To: Curt Whitaker who wrote (1895)	2/3/1999 9:42:00 PM
From: lml	Respond to of 4298

Curt, I believe they already made the announcement on the 3 for 2 split. It would be unlikely that the Board would revise its stated intention at this point. 3 for 2 does not "look weak." A split is generally established based upon the trading range within which the Board would like to see the stock trade. ORCL, for example has continually announced 3 for 2 splits to maintain a trading range of 25-60 for its stock. It is evident from an historical review of the stock's performance that the Board has been content over the past few years with T trading in mid-double digit range (40-80). After this split, the stock will fall back to 65+/-. If growth accelerates faster whereby the price of T escalates to the upper bound of this range quickly, & there is a firm belief that such accelerated growth will continue, management might consider a 2 for 1 next go-around. But for now I think we're "stuck" with the 3 for 2 split.