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USi to split common stock 3 for 2

Summary

Events

Microsoft MSDN/Developer Event
25 Mar 2010

One Marina Boulevard, Microsoft Singapore

IT Architect Regional Conference Singapore 2010
20 - 21 Apr 2010

Singapore Management University, Singapore

The Internet Show 2010
21-22 Apr 2010

Suntec Singapore

USinternetworking said yesterday it would split its common stock later this month.

The company announced a 3-for-2 stock split with all shareholders of record at the close of the market on Dec. 3 receiving a dividend of one additional share of common stock for every two shares already owned.

The additional shares will be distributed on or about Dec. 17, the company said.

Upon completion of the stock split, USinternetworking will have about 60.9 million shares of common stock outstanding.

USinternetworking provides and supports packaged software applications that can be accessed and used over the Internet.

The company went public earlier this year. The stock closed yesterday at 54.81, and has traded as high as 74.5 and as low as 14.31 since going public.

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