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<<Board of Directors Approves 1-for-9 Reverse Stock Split

The company announced today that its board of directors has approved a 1-for-9 reverse split of the company's common stock. The reverse split will be effective as of 8:00 p.m. EDT on Monday, July 29, 2002, and each nine shares of outstanding common stock of the company will automatically convert into one share of common stock. The company's common stock will begin trading on a post-split basis at the opening of trading on the Nasdaq National Market on July 30, 2002. From July 30, 2002 to August 27, 2002, BroadVision's common stock will trade under the symbol "BVSND". Thereafter, the company's common stock will resume trading under its current symbol "BVSN". This action will reduce the number of shares outstanding to approximately 32.2 million from approximately 289.5 million. >>

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