Microsoft Announces 2-for-1 Stock Split
Redmond, Washington, January 26, 1998 — Microsoft Corporation today announced that its Board of Directors approved a 2-for-1 split of its common shares. Shareholders will receive one additional common share for every share held on the record date of February 6, 1998.
“We continue to hear from investors that they would like the stock price to be more accessible, and we hope this split will address that interest,”
said Gregory B. Maffei, Chief Financial Officer.
“We’re pleased that customers continue to find our products compelling and innovative, and we will work hard to continue focusing on building technologies that enhance our customers’ productivity, enjoyment, and creativity.”
As of December 31, 1997, Microsoft had approximately 1.2 billion common shares outstanding. Upon completion of the split, the number will increase to approximately 2.4 billion. The additional shares will be mailed or delivered on or about
February 20, 1998 by the Company’s transfer agent, Chase/Mellon Shareholder Services
L.L.C. This is the seventh time the common stock has split since the company went public on March 13, 1986.
Founded in 1975, Microsoft (NASDAQ “MSFT”) is the worldwide leader in software for personal computers. The company offers a wide range of products and services for business and personal use, each designed with the mission of making it easier and more enjoyable for people to take advantage of the full power of personal computing every day.
For More Information, Analysts Only:
Carla Lewis, Senior Director, Investor Relations, (425) 936-3703
For More Information, Press Only:
Tom Pilla, Microsoft Corporation, (425) 882-8080
Heidi Rothauser, Waggener Edstrom, (425) 637-9097
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