SplitTrader.com Announces Investment Opinion on Active Voice.Business Editors NOTE TO EDITORS: The following is an investment opinion issued by SplitTrader.com LITTLETON, Colo.--(BUSINESS WIRE) Jan. 28, 2000 Active Voice declares first ever stock split triggered by earnings announcement Active Voice (Nasdaq:ACVC ACVC Ada Compiler Validation Capability ACVC Atlantic Coast Veterinary Conference ACVC Arms Control Verification Committee ACVC Army Commercial Vehicle Code ACVC Air-Cooled Vault Concept ) announced the 2:1 split after the market today as approved by its Board of Directors. Shareholders must approve the split and an Amendment to the Articles of Incorporation The document that must be filed with an appropriate government agency, commonly the office of the Secretary of State, if the owners of a business want it to be given legal recognition as a corporation. to increase authorized shares Authorized shares Number of shares authorized for issuance by a firm's corporate charter. from 10 million to 80 million. The latter is necessary since there are already 4.7 million shares outstanding. This Special Meeting of the Stockholders will be held on March 8th, which is also the record date for the split. Upon approval, the additional shares will be distributed on March 22nd and ACVC will trade post-split the following day. In addition to the split, Active Voice reported its third quarter earnings. The Company boasted a $0.41 increase per share since the same quarter last year. EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. came in at $0.09 versus a loss of $0.32 for the yr. ago quarter. There was a respective recovery from a net loss of $1.5 in third quarter 1998 to net income totaling $490 thousand for the quarter ended December 31, 1999. Active Voice offers voice-processing systems and computer telephony See CTI, VoIP and IP telephony. Computer Telephony - Computer Telephone Integration software solutions that help their customers conveniently and efficiently communicate and manage various types of information. Founded in 1983, the Company has designed revolutionary customizable products that allow communication anywhere at anytime. Active Voice is the largest independent producer of PC-based voice mail systems globally and has nine patents in the U.S. for their telephony Meaning "sound over distance," it refers to electronically transmitting the human voice. In the beginning, telephony dealt only with analog signals in the circuit-switched networks of the telephone companies. and voice processing The computerized handling of voice, which includes voice store and forward, voice response, voice recognition and text to speech technologies. technologies. The Company has over 70,000 installations in more than 60 nations. ACVC has nearly sextupled in the past year to today's closing quote of $48.44. The stock recently exceeded its resistance at $50, but has since retreated to the current level. Daily volume for the stock is averaging approximately 103 thousand. Despite these positive factors, we don't anticipate adding shares of Active Voice to our Recommended Split List due to the relatively low share price and trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. . Visit http://www.SplitTrader.com later today for a detailed profile on ACVC. For now, please click on the link below to view a chart on Active Voice Corp. Chart = http://www.splittrader.com/charts/charts.asp?symbol=ACVC About www.SplitTrader.com, the FREE website for stock split traders Traders Individuals who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do this, their objective is to earn the bid/ask spread. : www.SplitTrader.com (ST) specializes in showing investors how to properly trade stock splits and is the leading website for identifying new split candidates. ST offers daily market commentary, thorough analysis, and market-beating performance in its stock recommendations. ST offers a complete sector watch, insightful editorials, email split notifications, a complete split calendar, and a host of focused chatrooms and message boards. Visit http://www.SplitTrader.com and sign up for their FREE membership. |
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