Advertisement
 
YOU ARE HERE: LAT HomeCollectionsStock Split
IN THE NEWS

Stock Split

BUSINESS
February 15, 2000 | P.J. Huffstutter
The stock price of Broadcom Corp., the high-flying Irvine chip developer, jumped $3.19 a share to close at $171.75 Monday after the company's previously announced 2-for-1 stock split took effect. The stock split is Broadcom's second since going public in the spring of 1998. The first split occurred last February. Broadcom has 104.6 million shares outstanding and a market capitalization of nearly $35.8 billion.
Advertisement
CALIFORNIA | LOCAL
March 21, 2000
MRV Communications Inc. in Chatsworth has announced a special shareholders meeting May 10 to approve a two-for-one stock split and an increase in authorized common stock from 80 million to 160 million shares. Assuming approval by the stockholders of the stock split and the increase in authorized common stock, the record date for the stock split will be May 11. Post-split trading is expected to commence May 29.
BUSINESS
October 17, 1989
Charter Pacific Bank of Agoura Hills said it received regulatory approval for a 9 for 5 stock split, payable Nov. 1 to shareholders of record Oct. 19. Charter Pacific, with assets of $58 million, earned $482,000 in the second quarter that ended June 30.
BUSINESS
July 23, 1993
A reverse stock split at Security Environmental Systems takes effect July 30, President Stephen I. Grossman said Thursday. The 3-for-1 split will reduce the company's outstanding shares from 9.6 million to about 3.2 million. "We believe that the reverse stock split will position the company's shares for increased participation by institutional and other significant shareholders," Grossman said.
BUSINESS
March 22, 1988
National Technical Systems said its board of directors declared a 50% stock split in which it will issue one additional share as a dividend for every two shares of stock owned. The Calabasas engineering and testing services company said the shares will be issued as a dividend payable April 14 to shareholders of record on March 31. A stock split is a procedure in which a company's directors increase the number of shares outstanding to make ownership available to more investors.
BUSINESS
December 23, 1997 | BARBARA MURPHY
Semtech Corp. in Newbury Park has declared a two-for-one stock split. The split will entail a 100% stock dividend to shareholders of record as of today. Certificates related to the split will be issued about Jan. 12. After the stock split there will be about 14 million Semtech shares outstanding, double the previous number. Semtech supplies circuitry for portable phones, modems, computers and peripherals, television set-top boxes and automated test equipment for the semiconductor industry.
BUSINESS
June 19, 1990
Amgen, a biotechnology company based in Thousand Oaks, announced a 2-for-1 stock split in the form of a 100% stock dividend. The dividend will be paid Aug. 10 to stockholders of record July 31, the company said. Amgen also said that on July 25, it will redeem its $50 million face amount of 8% convertible debentures, which are debt securities convertible into Amgen common stock.
BUSINESS
March 22, 1998 | Russ Stanton
Quiksilver Inc., the Costa Mesa surf-wear designer and snowboard maker, said Friday that its directors declared a 2-for-1 stock split, payable April 24 to shareholders of record April 16. The company, whose shares trade on the Nasdaq, also said it has been cleared to switch to the New York Stock Exchange.
CALIFORNIA | LOCAL
March 16, 1999
Sylmar-based MiniMed Inc. on Monday announced a 2-for-1 stock split in which the company will issue one additional share of common stock for every share of common stock outstanding. The stock split, which will increase the total number of fully diluted shares outstanding to about 14 million, will be effective April 1 for shareholders of record at the close of business on that date and will be distributed April 16. Alfred E.
CALIFORNIA | LOCAL
August 8, 2000 | BARBARA MURPHY
The board of directors for Power-One Inc. in Camarillo has approved a 2-for-1 stock split, conditioned upon the approval of its stockholders of an increase in its authorized common stock. A special meeting of stockholders will be held Aug. 31 to vote on the proposed amendment to the company's certificate of incorporation, increasing the total authorized common stock from 60 million to 300 million shares. If stockholders approve the amendment, the stock split will occur Sept.
Los Angeles Times Articles
|