SAN JOSE, Calif., Feb. 28 /PRNewswire/ -- SDL, Inc. (Nasdaq: SDLI) today
announced that the Company's stockholders approved today an increase in the
Company's authorized common stock from 70,000,000 shares to 140,000,000
shares, which permits the Company to complete its previously announced
two-for-one stock split, to be effected in the form of a stock dividend. The
Company's Board of Directors had previously approved the split in
December 1999, subject to stockholder approval of the increase in authorized
common stock. As previously announced, the record date for the stock split
has been set at February 29, 2000. Post-split trading is expected to commence
on March 14, 2000.
About SDL, Inc.
SDL's products power the transmission of data, voice, video and Internet
information over fiber optic networks to meet the needs of telecommunications,
dense wavelength division multiplexing (DWDM), cable television and satellite
communications applications. They enable customers to meet the bandwidth
needs of increasing Internet, data, video and voice traffic by expanding their
fiber optic communications networks much more quickly and efficiently than
would be possible using conventional electronic and optical technologies.
SDL's optical products also serve a variety of non-communications
applications, including materials processing and printing. Additional
information about SDL, Inc. is available on the Internet at http://www.sdli.com .
For more information on SDL, Inc. at no cost, please call 800-PRO-INFO
(U.S.) or 732-544-2850 (Int'l), ticker symbol, SDLI.
SOURCE SDL, Inc.
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Related links:
http://www.sdli.com
CONTACT:
Donald R. Scifres, Chairman and CEO, Michael
L. Foster, VP Finance and CFO, both of SDL, Inc., 408-943-9411;
or general, Lisa Horn Chainey, investors, Susan Katz, or media,
Scott Marx, all of The Financial Relations Board, 415-986-1591
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