ABR Information Services, Inc. announces stock split.PALM HARBOR, Fla.--(BUSINESS WIRE)--Jan. 22, 1997--ABR Information Services See Information Systems. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ABRX) Wednesday declared a two-for-one stock split payable Feb. 19, 1997 to stockholders of record at the close of business on Feb. 3, 1997. Wednesday's announcement marks the third time since ABR's Initial Public Offering in May of 1994 that the stock has split. Since the IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. , the company has reported 11 consecutive quarters of record revenues and profits. The stock has increased over 1000% from $4.33 per share to $43.75 as of Tuesday, Jan. 21, 1997. James E. MacDougald, ABR's chairman and chief executive officer, stated: "We had a very successful year, and we are pleased to have this opportunity to split the stock for the third time since becoming a public company, reflecting the company's desire to make the stock more accessible to a broader base of investors. The stock split will increase the outstanding shares to 27.4 million, allowing us to broaden our shareholder base." ABR (1) (AutoBaud Rate detect) The analysis of the first characters of a message to determine its transmission speed and number of start and stop bits. (2) (Available Bit R Information Services, Inc. provides comprehensive benefits administration, compliance and information services to employers seeking to outsource their benefits administration functions. The company believes it is one of the largest benefits outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. firms in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , serving more than 21,000 employers with a total employee population exceeding 6.0 million. ABR's customers include Fortune 500 companies, insurance companies, and other employers in various industries. CONTACT: ABR Information Services Inc. James E. MacDougald, Chairman of the Board, Chief Executive Officer and President 813/785-2819 |
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