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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Matty who wrote (8487)3/30/1999 1:01:00 PM
From: Mark  Respond to of 41369
 
They would have to have a vote to authorize more shares. You are correct. MSFT just split and they didn't have enough shares either. They sent a Proxy out about a couple weeks before the split date. It is not really a big deal to authorize more shares.

Mark



To: Matty who wrote (8487)3/30/1999 1:06:00 PM
From: robert duke  Respond to of 41369
 
Well they would need to a get that taken care of before the split.



To: Matty who wrote (8487)3/30/1999 7:09:00 PM
From: gridiron 99  Respond to of 41369
 
AOL will let shareholders vote on next split.

Suppose you're right that they don't have enough authorized share for another split. It doesn't mean we are not going to have one. All they have to do is announce a split, pending shareholders approval for more shares. And shareholders will likely give it a thumb-up.

I haven't researched about the current authorized shares yet. My guess right now is we will have the split announcement on May 5, the earnings date.



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