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EXHIBIT 99.1
NEWS RELEASE
FOR IMMEDIATE RELEASE
POLYCOM, INC.
ANNOUNCES A TWO-FOR-ONE STOCK SPLIT
MILPITAS, CA - August 2, 2000 - Polycom, Inc. (NASDAQ:PLCM) announced today
that its Board of Directors has approved a two-for-one split of its common
stock. The stock split will be effected as a stock dividend. Stockholders
of record as of the close of business on August 15, 2000 will be issued a
certificate representing one additional share for each share of common stock
held on the record date. These certificates will be distributed on August
31, 2000. The stock split will increase the number of shares of common stock
outstanding from approximately 37.1 million shares to approximately 74.2
million shares.
Robert Hagerty, Polycom's Chief Executive Officer, stated that the Board
of Directors authorized the stock split principally to obtain wider
distribution and greater liquidity for the common stock.
ABOUT POLYCOM
Polycom develops, manufactures and markets high-quality, easy-to-use
communications equipment that enables enterprise users to access broadband
network services and leverage increased bandwidth to more conveniently
conduct voice, video and data communications. Polycom's product lines
include network access products and enterprise voice and video communications
equipment.
Polycom, the Polycom logo design, and SoundPoint Pro are registered
trademarks and ViewStation, NetEngine, ViaVideo, StreamStation and
MeetingSite are registered trademarks of Polycom, Inc. in the U.S. and
various countries. -C- 2000 Polycom, Inc. All rights reserved.
