Sun Corporate Information: Stock Split Approved
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Sun Microsystems, Inc. Announces Stockholders Approval for Two-For-One Stock SplitPALO ALTO, California -- March 17, 1999 -- Sun Microsystems, Inc., (NASDAQ: SUNW) today announced that Sun stockholders approved an increase in Sun's authorized shares of Common Stock from 940,000,000 shares to 1,800,000,000 shares. This approval was obtained at the Company's Special Meeting of Stockholders held today, March 17, 1999.As a result, Sun will effect its previously announced two-for-one stock split (in the form of a stock dividend), originally approved by its Board of Directors on November 11, 1998, subject to this stockholder approval. Stock certificates representing one additional share for each share held will be mailed on or about April 8, 1999 (payable date) to all stockholders of record at the close of business on March 18, 1999 (record date). Upon completion of the split, the number of shares of Common Stock outstanding will be approximately 771,166,500 shares.
Since its inception in 1982, a singular vision, "The Network is the Computer," has propelled Sun Microsystems, Inc. (NASDAQ: SUNW), to its position as a leading provider of high quality hardware, software and services for establishing enterprise-wide intranets and expanding the power of the Internet. With more than $10.5 billion in annual revenues, Sun can be found in more than 150 countries and on the World Wide Web at http://www.sun.com. Sun, Sun Microsystems and "The Network is The Computer" are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries. | ||||||||||||||||||||
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