Atari Shareholders Reject Split (Jul.09,1993)

From: Atari SIG (xx004@cleveland.Freenet.Edu)
Date: 02/19/94-08:25:43 PM Z

From: xx004@cleveland.Freenet.Edu (Atari SIG)
Subject: Atari Shareholders Reject Split (Jul.09,1993)
Date: Sat Feb 19 20:25:43 1994

 ::  Volume 2 - Issue 12     ATARI EXPLORER ONLINE          9 July 1993  ::

//// ATARI SHAREHOLDERS REJECT SPLIT - Atari announced the results of
====================================   its annual meeting held on
June 25, 1993, in Sunnyvale. In view of the current trading value of
the common stock, the board of directors recommended that the
shareholders vote against the one for 10 reverse stock split. The
shareholders voted against the proposal. Therefore, no reverse stock
split will occur. In addition, Sam Tramiel, president, demonstrated
game software on the company's new multi-media entertainment system
called the Atari Jaguar.

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