AirTouch Announces Record Date for Third Quarter Dividends On Convertible Preferred Stock.SAN FRANCISCO--(BUSINESS WIRE)--Aug. 13, 1998--The AirTouch Communications (NYSE NYSE See: New York Stock Exchange :ATI (ATI Technologies Inc., Markham Ontario, http://ati.amd.com) A leading manufacturer of graphics chips and display adapters. Founded in 1985 by K. Y. Ho, Benny Lau and Lee Lau, ATI chips and boards are widely used by OEMs. ) Board of Directors has declared September 30, 1998 as the record date for the third quarter dividends on its 6.00% Class B Mandatorily Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". , Series 1996 and its 4.25% Class C Convertible Preferred Stock, Series 1996. The dividend on the 6.00% Class B Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. will be $0.43500 per share, and the dividend on the 4.25% Class C Preferred Stock will be $0.53125 per share. The payment date for both dividends is November 16, 1998. AirTouch Communications, based in San Francisco, is the largest wireless company in the world. AirTouch owns interests in cellular, paging, and personal communications services See PCS. in the United States, Belgium, Egypt, Germany, India, Italy, Japan, Poland, Portugal, Romania, South Korea, Spain, and Sweden, as well as an interest in the Globalstar satellite system. Based on its ownership share of its global ventures, the company serves over 15 million proportionate customers (over 31 million total venture customers). For a fax copy of this or other AirTouch press releases, please call 1-800-344-7531 or visit the AirTouch web site at www.airtouch.com.
CONTACT: AirTouch Communications
Kathy Reinhart, 415/658-2042
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