New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
Washington— XM Satellite Radio Holdings has adopted a Stockholder Rights Plan, designed to deter coercive or unfair takeover tactics. This would kick in only if a person or group became owner of 15 percent or more of XM's Class A Common Stock. The same is true if anyone commences, or announces an intention to commence, a tender offer or exchange offer, which would result in its ownership of 15 percent of Class A Common Stock.
Santa Clara, Calif. — PDA maker Palm announced it is looking to initiate a reverse stock split, which would range from 1-for-10 to 1-for-20. The split, intended to increase the handheld device company's depressed stock price, is also expected to better position it for a planned spin-off of the PalmSource software division. Palm's board could implement the split any time before April 1, 2003. Shareholders will receive the proposal Oct. 1.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.