PALO
ALTO, Calif., Aug. 17 -- Sun Microsystems, Inc. (Nasdaq: SUNW) announced
that its Board of Directors, at its regularly scheduled meeting on August
16, 2000, approved a two-for-one stock split, to be effected in the
form of a stock dividend, subject to stockholder approval of an increase
in the Company's authorized shares of Common Stock to 7.2 billion shares.
Such approval will be sought at the Company's Annual Meeting of Stockholders
to be held on November 8, 2000 (the record date for which is September
12, 2000).
Subject to receiving such stockholder approval, the Record Date for
the stock split will be November 9, 2000. Stock certificates representing
one additional share for each share held on the Record Date will be
mailed to stockholders on or about December 5, 2000, the Payable Date.
Should stockholder approval be obtained, the stock split will increase
the number of shares outstanding from approximately 1,604,000,000 to
approximately 3,208,000,000 shares.
Since its inception in 1982, a singular vision -- The Network Is The
Computer -- has propelled Sun Microsystems, Inc., to its position as
a leading provider of industrial-strength hardware, software and services
that power the Internet and allow companies worldwide to dot-com their
businesses. With $15.7 billion in annual revenues, Sun can be found
in more than 170 countries and on the World Wide Web at http://sun.com
.
