SAN JOSE, Calif., Dec. 20 /PRNewswire/ -- SDL, Inc. (Nasdaq: SDLI) today
announced that its Board of Directors has approved a two-for-one stock split
to be effected in the form of a stock dividend. The split is subject to
stockholder approval of an increase in the company's authorized shares of
Common Stock to 140 million shares. Stockholders will vote on the proposed
increase in the authorized capital at a special meeting of the company's
stockholders to be held on February 28, 2000. The stock split would increase
the number of SDL shares outstanding from approximately 36,000,000 to
approximately 72,000,000.
The record date for the Special Meeting is January 4, 2000, and, subject
to stockholder approval, the record date of the stock split is expected to be
February 29, 2000, and the expected mailing date of certificates representing
the additional shares is expected to be approximately March 13, 2000.
Assuming approval by the stockholders of the increase in Common Stock, SDL
expects its Common Stock to begin trading on a post-split basis on
approximately March 14, 2000.
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.
SOURCE SDL, Inc.
 back to top
Related links:
http://www.sdli.com
CONTACT:
Donald R. Scifres, Chairman and CEO, or
Michael L. Foster, VP Finance and CFO, both of SDL, Inc.,
408-943-9411; or General Info, Lisa Horn Chainey, Investor
Contact, Susan Katz, or Media, June Parina, 415-986-1591, all of
The Financial Relations Board
|
