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The Company’s common stock is traded on The Nasdaq Stock Market under the symbol MSFT. On July 31, 2001, there were 112,001 registered holders of record of the Company’s common stock. The Company has not paid cash dividends on its common stock. The high and low common stock prices per share were as follows:
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| 2000 |
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| Common stock price per share: |
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High |
$ |
100.75 |
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$ |
119.94 |
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$ |
118.63 |
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$ |
96.50 |
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$ |
119.94 |
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Low |
81.63 |
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84.38 |
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88.13 |
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60.38 |
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60.38 |
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| 2001 |
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| Common stock price per share: |
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High |
$ |
82.00 |
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$ |
70.88 |
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$ |
64.69 |
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$ |
73.68 |
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82.00 |
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Low |
60.31 |
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41.50 |
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43.38 |
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51.94 |
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41.50 |
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On April 11, 2001, the Company closed the acquisition of substantially all of the assets of iCommunicate Holding, Inc., a Delaware corporation (“iCommunicate”). Promptly thereafter, the Company issued an aggregate of 272,093 of its common shares to iCommunicate, which were subsequently distributed to iCommunicate’s eleven shareholders in the liquidation of iCommunicate. All of the shares issued in this transaction were issued in a non-public offering pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “1933 Act”), under Section 4(2) of the 1933 Act.
On May 4, 2001, the Company issued an aggregate of 926,077 of its common shares pursuant to the merger of a subsidiary of the Company with Ensemble Studios Corporation, a Delaware corporation (“Ensemble”), owned by 45 shareholders. All of the shares issued in this transaction were issued in a non-public offering pursuant to an exemption from the registration requirements of the 1933 Act, under Section 4(2) of the 1933 Act.
The above described sales were made without general solicitation or advertising. The Company has filed a Registration Statement on Form S-3 covering the resale of such securities issued pursuant to such acquisitions. All net proceeds from the sale of such securities will go to the selling shareholders who offer and sell their shares. The Company has not received and will not receive any proceeds from the sale of these common shares other than the assets and certain liabilities of iCommunicate and in connection with the merger with Ensemble.
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