Friday, November 9, 2007

Reverse Split - Example

Sun Investors OK 1-For-4 Reverse Split

ASSOCIATED PRESS/AP ONLINE

SAN FRANCISCO - Sun Microsystems Inc. shareholders approved a 1-for-4 reverse stock split Thursday, an essentially cosmetic maneuver by the server and software maker that is intended to remove the stigma of its slumping stock price. Approved at Sun's annual shareholder meeting, the move is not expected to affect its total market value, which stood at $18 billion Thursday. Sun hopes the split will help it overcome negative perceptions among potential customers about its stock price, which has been stuck under $10 since 2002.

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