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The split will be effected as a stock dividend. The payment date for distribution of the shares is May 15, 1998. BMC Software, Inc. is a global leader in the development of more than 190 computer software solutions that improve the management of business-critical applications and data, as well as optimize the performance of that critical data in complex computing environments. The company is headquartered in Houston, Texas with offices, distributors and agents in 50 markets worldwide.