Monday, July 29, 2002

Palm seeks stock split

<A HREF="http://news.com.com/2100-1040-946674.html?tag=fd_top">CNET News.com</A> reports that, as the company looks to divide in two, directors of Palm asked shareholders to approve a reverse stock split. According to the article, Palm's directors unanimously agreed to a request that shareholders give approval to a reverse stock split in the range of 10-for-1 to 20-for-1, meaning shareholders would exchange somewhere between 10 and 20 current shares for one new share.

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