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Excite sets 2-for-1 stock split
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June 29, 1998: 12:10 p.m. ET
Internet portal provider's shares soar after it announces move payable July 20
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NEW YORK (CNNfn) - Shares of Excite Inc. jumped more than 11 percent in early trading Monday after the Internet company announced it will split its stock two for one.
Excite (XCIT) shares gained 8-3/4 to 84-3/4 in Monday morning trading.
The company will pay the split July 20 to shareholders of record July 6. Excite said there will be approximately 50.38 million shares outstanding after the split.
Excite is one of several companies that has seen its shares rise since evolving from an Internet search tool to a Web "portal," or a site that combines aggregated content with personalized services. 
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Excite
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