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Technology Stocks : PRVO:PREVIO INC earnings +45% for '96 (A good story) -- Ignore unavailable to you. Want to Upgrade?

To: whitephosphorus who wrote (906)	4/6/1999 2:45:00 PM
From: Lin	Read Replies (1) \| Respond to of 955

you are right on this. Just check the SEC filing and this is what I found, " The shares of Company Common Stock held by Stac immediately prior to the Distribution will be distributed to holders of record of Stac Common Stock as of the close of business on October 15, 1998 (the "Record Date"). As of the Record Date, there were issued and outstanding [482,906] shares of Company Common Stock, held by 21 stockholders of record including Stac, and 6,000,000 shares of the Company's Series A Preferred Stock, par value $.001 per share (the "Series A Preferred Stock"), all of which were held by Stac. Immediately prior to the Distribution, Stac will convert all shares of Series A Preferred Stock into Company Common Stock, resulting in Stac's owning 6,000,100 shares of Company Common Stock. Stac will distribute approximately one share of Company Common Stock for every four shares of Stac Common Stock held by Stac stockholders on the Record Date (the "Distribution Ratio") and will not retain any shares of Company Common Stock following the Distribution." Cheers,