Comdisco, Inc. Sets Special Stockholder Meeting for April 20, 2000 to Approve Ventures Tracking Stock.Business Editors ROSEMONT, Ill.--(BUSINESS WIRE)--March 20, 2000 Comdisco, Inc. (NYSE NYSE See: New York Stock Exchange :CDO (Collaborative Data Objects) A programming interface from Microsoft for accessing MAPI-based e-mail, calendaring and scheduling servers. Originally called "OLE Messaging" and "Active Messaging," CDO wraps the Enhanced MAPI library into a COM object that provides the ) announced today that it has set April 20, 2000 as the date for a special meeting of Comdisco stockholders to authorize To empower another with the legal right to perform an action. The Constitution authorizes Congress to regulate interstate commerce. authorize v. to officially empower someone to act. (See: authority) the creation of more than one series of Comdisco common stock including authorization The right or permission to use a system resource; the process of granting access. See access control. for Comdisco Ventures tracking stock. The Comdisco Ventures tracking stock will track the performance of Comdisco's Ventures finance business unit. The outstanding Comdisco, Inc. common stock will be designated as Comdisco Group stock and will track the balance of Comdisco's businesses. Comdisco stockholders of record on March 27, 2000 will be eligible to vote at the special meeting. The definitive proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. and voting materials will be mailed to stockholders beginning the week of March 27. Comdisco is filing its definitive proxy statement with the SEC today. Comdisco intends to conduct an initial public offering of Comdisco Ventures tracking stock in the spring following the stockholder vote. Comdisco anticipates that the remaining shares of Comdisco Ventures tracking stock will be distributed to Comdisco Group stockholders sometime thereafter, either as a dividend on, or in exchange for, Comdisco Group shares. At the meeting, Comdisco stockholders will be asked to approve amendments to Comdisco's charter, the creation of these separate series of Comdisco common stock, and amendments to and creation of certain incentive plans. Comdisco Ventures stock will trade as "letter" or "tracking stock" and is not expected to pay dividends for the foreseeable fore·see tr.v. fore·saw , fore·seen , fore·see·ing, fore·sees To see or know beforehand: foresaw the rapid increase in unemployment. future. About Comdisco, Inc.: Comdisco (www.comdisco.com) provides global technology services to help its customers maximize technology functionality, predictability and availability, while freeing them from the complexity of managing their technology. The Rosemont, (IL) company offers a complete suite of information technology services including business continuity, managed network services, and IT Control and Predictability Solutions SM. Through its subsidiary, Prism Communication Services Inc., Comdisco is developing a high-speed, always-on digital network, which will provide customers with leading-edge connectivity. Comdisco also offers equipment services to key vertical industries, including electronics, communications, laboratory & scientific, and industrial automation. Through its Ventures group, Comdisco is a leader in providing equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
A new business. . The company's revenue for the 12 months ended December 31, 1999, was $4.1 billion. Comdisco is a registered trademark of Comdisco, Inc. |
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