Aggressive stock splits have left some major companies with low share prices

CUMULATIVE EFFECT OF LOSS SINCE COMPANY STOCK SPLITS* LAST SPLIT PRICE** AMERITRADE 12 for 1 74% $6.75 GATEWAY 2 86 6.30 PROVIDIAN 3 87 5.95 JDS UNIPHASE 8 96 5.68 ARIBA 4 96 5.03 LUCENT 4 91 4.30 ADC TELECOM 4 90 4.08 SYCAMORE 3 96 3.97

* Since Jan. 1, 1998 ** As of Mar. 19, 2002 Data: Morgan Stanley Dean Witter, BusinessWeek, Bloomberg Financial Markets

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