Article: Evolve Software Announces 1 for 40 Reverse Stock Split.

SAN FRANCISCO -- SAN FRANCISCO, Dec. 17 /PRNewswire/ -- Evolve Software, Inc. , provider of service delivery solutions, today announced that its shareholders authorized and its Board of Directors approved a reverse stock split at a ratio of 1 for 40. Evolve common stock will begin trading on a reverse-split basis on December 19, 2002.

As a result of the reverse stock split, every 40 shares of Evolve common stock will be combined into one share of Evolve common stock. The reverse stock split affects all shares of common stock, stock options and common stock warrants of Evolve that remain outstanding immediately prior to the effective time of the reverse stock ...

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