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Investors welcomed the news, sending the shares of both companies up more than 14percentt.
Mr. Carlson said DRIP's are offered by about 1,300 companies, up from 850 in 1984.
Fourteen of the transactions involved Internet companies, up from three in the first quarter of 1999.
Breaking the companies up would lead to "more hiring, a broader tax base, more competitors . . .
The surge has revived companies up and down the supply chain.
He had been performed by companies up and down California for decades.
Investors also pushed the stock prices of both companies up on the news.
Financial companies, up 1.4 percent, and energy stocks, with a gain of 1 percent, were the day's top gaining sectors.
The public think we can just ring these companies up and get the information we want – we can't.
More than one-third of new listings this year have come from Chinese companies, up from one-quarter in 2009.
Many firms, including state companies up for privatisation, are only now starting to keep proper, audited accounts.
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