Business Objects Announces a 2 for 1 Forward Stock Split.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Nov. 23, 1999-- Business Objects (Nasdaq:BOBJ BOBJ Business Objects SA )(ParisBourse:BOB) today announced that at a General Meeting of shareholders to be held on Jan. 7, 2000, the company will propose a resolution authorizing a 2 for 1 forward stock split of its ordinary shares. If the resolution is adopted, the company intends to effect the split effective on or about Jan. 20, 2000 for all ordinary shares and American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. issued as of that date. In connection with the stock split, each old American Depositary Share will be exchanged for two new American Depositary Shares of the company, each of the American Depositary Shares corresponding to one Ordinary Share. The prices of the company's ordinary shares traded on the ParisBourse(SBF SBF Studium Biblicum Franciscanum (Franciscan School of Biblical Investigations; Jerusalem, Israel) SBF Small Block Ford (automotive engine) SBF Single Black Female SBF Société des Bourses Francaises ) and the company's American Depositary Shares traded on the Nasdaq National Market would be adjusted on the effective date. About Business Objects Business Objects is the world's leading provider of e-business intelligence (e-BI) solutions. Using e-business intelligence, organizations can access, analyze, and share information in intranet, extranet, and e-business environments. In intranets, the company's products provide employees with information to make better business decisions, and are used in environments ranging from workgroups of 20 users to enterprise deployments exceeding 20,000. In the extranet environment, the company is pioneering the use of e-BI in applications that allow organizations to build stronger relationships by linking customers, partners, and suppliers via the Internet. In addition, the company's products can improve the performance of an e-business by providing reporting and analysis against the ever-expanding amount of transaction and profile data that is collected each day throughout the World Wide Web. Founded in 1990, Business Objects pioneered the modern business intelligence industry by inventing and patenting a "semantic layer Semantic Layer The semantic layer is a business representation of corporate data that helps end users access data autonomously using common business terms. Developed and patented by Business Objects, it maps complex data into familiar business terms such as product, " that insulates users from the technical complexity of database systems. Today, the company has sold more than 1,442,000 licenses to 9,100 organizations in more than 80 countries. The company's stock is publicly traded under the ticker symbols Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors NASDAQ: BOBJ and Paris Bourse Paris Bourse National stock market of France. : BOB. Business Objects can be reached at 408/953-6000 and www.businessobjects.com. |
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