Commerce One, Inc. Announces a Three-for-One Stock Split.WALNUT CREEK Walnut Creek, residential city (1990 pop. 60,569), Contra Costa co., W Calif., in the San Francisco Bay area; inc. 1914. It is the trade and shipping center of an extensive agricultural area where walnuts are among the major product. , Calif.--(BUSINESS WIRE)--Nov. 17, 1999-- Commerce One, Inc. (Nasdaq:CMRC CMRC Canadian Motosport Racing Club CMRC Commerce One Inc. (stock symbol) CMRC Caribbean Marine Research Center CMRC Crime Mapping Research Center CMRC Credit Management Research Centre (UK) ) announced today that its Board of Directors has approved a three-for-one split of its common stock. The stock split will be effected as a stock dividend. Stockholders of record as of the close of business on December 3, 1999 will be issued one certificate representing two additional shares for each share of common stock held on the record date. These certificates will be distributed on December 23, 1999. The stock split will increase the number of shares of common stock outstanding from approximately 24,061,999 shares to approximately 72,185,997 shares. "We are pleased to announce this stock split, which was authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: by the Board to obtain wider distribution and greater liquidity for the common stock," said Mark Hoffman, Commerce One's Chief Executive Officer. About Commerce One Commerce One is the leading provider of electronic commerce solutions that dynamically link buying and supplying organizations into real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. trading communities. The Commerce One Solution, comprised of Commerce One BuySite and Commerce One MarketSite, enables companies to significantly reduce operational costs and increase efficiency by automating the entire indirect goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. supply chain. As a result, enterprise organizations are able to realize a strategic competitive advantage as well as a rapid return on investment. Commerce One is located in Walnut Creek and can be reached by phone at 800/308-3838 or 925/941-6000 or via the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at or http://www.commerceone.com or http://www.marketsite.net. |
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