Short Take: Network Associates declares stock split

Network Associates announced a 3-to-2 stock split in the form of a 50 percent stock dividend. It will be distributed on or about May 29, 1998 to stockholders of record on May 12, 1998. The company also announced that Les Denend is retiring from his position as president, but will remain on the board of directors. Bill Larson, company CEO and chairman, will assume the role of president.

April 30, 1998 6:50 a.m. PT

announced a 3-to-2 stock split in the form of a 50 percent stock dividend. It will be distributed on or about May 29, 1998 to stockholders of record on May 12, 1998. The company also announced that Les Denend is retiring from his position as president, but will remain on the board of directors. Bill Larson, company CEO and chairman, will assume the role of president.