NCR forms stock-buyback plan to force out small shareholders

Article Abstract:

NCR Corp. is planning to implement a 1-for-10 reverse split plan in order to force small stockholders out. The company pays high mailing and other costs in order to maintain contacts with 600,000 stockholders who own less than 10 shares. The stock-split plan will covert 10 shares that are valued at $40 each. The converted shares will become one share. That will be worth approximately $400. NCR will then declare that all holdings of less than one share will be repurchased in exhange for cash.

Comment:

Planning to implement a 1-for-10 reverse split plan in order to force small stockholders out

Computer and Office Equipment, Office & Computing Machines, Securities issued, listed, Office equipment, Office equipment and supplies industry, Office equipment industry, Abstract, Securities, NCR Corp., NCR

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IBM campaign highlights service on demand

Article Abstract:

International Business Machines (IBM) has launched a new?advertising campaign that emphasizes the company's advisory services, as well as its software and hardware. The television and print campaign, which is aimed at business customers,?is titled "Can You See It?"

Radio, TV, publisher representatives, TV Advertising, Media Representatives, Computer industry, Microcomputer industry, International Business Machines Corp., IBM, Television advertising

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Bristol-Myers is told to correct ads

Article Abstract:

Bristol-Myers Squibb Co. has been ordered by the US Food and Drug Administration to revise print advertisements for its Pravachol anticholesterol drug. The company was accused of exaggerating the drug in the advertisements.

Pharmaceutical Preparation Manufacturing, Pharmaceutical preparations, Lipotropics & Cholesterol Reducers, Pharmaceutical industry, Bristol-Myers Squibb Co., BMY, Anticholesteremic agents, Pravachol (Medication)

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