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SpatialNews.com Press Release
Autodesk Announces 2-for-1 Stock Split
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SAN RAFAEL, Calif., Nov. 18 -- Autodesk Inc.
(Nasdaq: ADSK), a global software and services company today announced that
its board of directors has declared a 2-for-1 stock split on its common stock.
The primary purpose of the stock split is to provide greater liquidity and
wider distribution for stockholders and to allow the stock to be more
accessible and attractive to a broader range of investors. The 2-for-1 split
will be effected as a stock dividend. Stockholders as of the close of business
on December 6, 2004, will be issued one additional share for each share of
common stock held on the record date, with a payment date of December 20,
2004. The stock split will increase the number of shares outstanding from
approximately 114 million shares to approximately 228 million shares.
In addition, the company announced that it will discontinue its $0.03 per
share quarterly dividend. The company believes that shareholder interests will
be better served by eliminating the payment. Autodesk's dividend currently
yields 0.2 percent. Dividend payments will cease after the payment in March
2005.
"Autodesk performance has been outstanding," said Carol Bartz, Autodesk
chairman and CEO. "We believe we have opportunities to continue to drive
revenues with growth initiatives, including continued migration to our 3D
products and increasing adoption of our lifecycle management solutions. The
stock split recognizes our strong performance and our confidence in the
future."
About Autodesk
Autodesk, Inc. is wholly focused on ensuring that great ideas are turned
into reality. With six million users, Autodesk is the world's leading software
and services company for the building, manufacturing, infrastructure, digital
media, and wireless data services fields. Autodesk's solutions help customers
create, manage, and share their data and digital assets more effectively. As
a result, customers turn ideas into competitive advantage by becoming more
productive, streamlining project efficiency, and maximizing profits.
Founded in 1982, Autodesk is headquartered in San Rafael, California. For
additional information about Autodesk, please visit http://www.autodesk.com.
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