Ascend Communications, Inc. Announces Two-For-One Stock Split.ALAMEDA, Calif.--(BUSINESS WIRE)--Dec. 15, 1995--Ascend Communications, 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 :ASND ASND A Streetcar Named Desire (play) ) announced today that its Board of Directors has approved a two-for-one stock split, payable in the form of a stock dividend. Stockholders will receive one additional share for every share held. The dividend will be distributed on or about January 5, 1996 to stockholders of record at the close of business on December 15, 1995. Upon completion of the split approximately 120,000,000 common shares will be outstanding. Ascend Communications, Inc. develops, manufactures, sells and supports a broad range of high-speed digital wide area network access products. These products use bandwidth on demand to enhance and extend existing corporate networks for applications such as remote LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. access, telecommuting telecommuting, an arrangement by which people work at home using a computer and telephone, transmitting work material to a business office by means of a modem and telephone lines; it is also known as telework. , Internet access See how to access the Internet. , videoconferencing and integrated voice, data and video access. CONTACT: Ascend Communications Paula Cook, 510/769-6001 Ext. 2345 Robert K. Dahl, 510/769-6001 Ext. 2309 |
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