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To: cyberman who wrote (7735)4/29/1999 10:18:00 AM
From: Mark Peterson CPA  Read Replies (3) | Respond to of 19700
 
They're just proposing to increase the number of authorized shares. IMO, it has nothing to do with an expectation of a modification of their 2 for 1 split announcement. Even if the propose increase in the number of authorized shares wasn't approved by shareholders (a remote possibility IMO), there would still be sufficient issued and outstanding shares to affect the announced stock split.

Best regards,

Mark A. Peterson



To: cyberman who wrote (7735)4/29/1999 10:19:00 AM
From: Ken  Respond to of 19700
 
That would just increase the number of shares "authorized". That way, they can complete the 2:1 in May, and still be able to do another 2:1 sometime later without having to get shareholder approval.



To: cyberman who wrote (7735)4/29/1999 10:19:00 AM
From: DiB  Read Replies (2) | Respond to of 19700
 
Cyberman,
You might be confused here... This means that the number of issued or authorized shares will be increased to 400,000,000 (gives enough room for future splits ...). The split will double the number of outstanding shares, which will make it around 93,000,000 I believe.