Why did NCR distribute shares in book-entry form?
NCR shares were distributed in book-entry form for several reasons: • Book-entry through Direct Registration is quickly becoming the new standard in share ownership. • It supports the U.S. Securities Industry’s overall direction towards statement-based share ownership. • It eliminates the risk and expense associated with the safe-keeping or replacement of a certificate. • It provided considerable savings in distribution costs to NCR and AT&T. • It allows for convenient electronic share transactions, such as ownership transfer and sales, through NCR’s transfer agent and your bank or broker.
