Atari Shareholders Reject Split (Jul.09,1993)
From: Atari SIG (xx004@cleveland.Freenet.Edu)
Date: 02/19/94-08:25:43 PM Z
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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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