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Stock Splits

BUSINESS
December 3, 2002 | From Associated Press
Lucent Technologies Inc. will ask shareholders for the option to approve a reverse stock split at any one of four ratios, a move needed because of the lingering slump in Lucent's stock price. Lucent, which announced plans for the reverse split in October, will seek shareholder approval of the proposal during its next annual meeting, set for Feb. 19 in Dallas, according to a preliminary proxy statement filed late Monday with the Securities and Exchange Commission.
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BUSINESS
February 14, 2002 | Bloomberg News
Jacobs Engineering Group Inc., an engineering and construction company, plans to split its common stock 2-for-1 on or about April 1. The company will distribute shares as a stock dividend of one additional share of Jacob's stock for each share owned by shareholders of record on March 1. Jacobs, which has 26.9 million shares outstanding, in January said fiscal first-quarter profit rose 29% to $25.9 million, or 94 cents a share, on higher revenue. Shares of Jacobs fell 12 cents to $63.
BUSINESS
September 26, 2001 | Times Staff and Wire Reports
Irvine Sensors Corp. shareholders approved a 1-for-20 reverse stock split, which takes effect today, in response to Nasdaq warnings that the shares could be delisted for falling below the $1 minimum price requirement. The Costa Mesa electronics products maker's stock, which has lost more than 88% of its value this year, closed Tuesday at 14 cents, off 4 cents a share, on the Nasdaq SmallCap market.
BUSINESS
August 1, 2001 | Reuters
Semiconductor maker Microsemi Corp. Tuesday set a 2-for-1 stock split after stockholders approved an increase in the number of authorized shares of common stock from 20 million to 100 million. The Irvine company said the stock split will be in the form of a dividend payable in shares of common stock. The dividend is payable Aug. 28 to stockholders of record as of the close of business Aug. 14.
BUSINESS
July 19, 2001 | Reuters
Wet Seal Inc., a Foothill Ranch specialty retailer catering to teens, said its board has declared a stock split that will give shareholders one additional share of common stock for every two shares they own. The 3-for-2 split, which will be effected as a 50% common stock dividend, will be payable Tuesday to shareholders of record July 16. Wet Seal stock rose 20 cents to $24.03 a share on Nasdaq.
BUSINESS
April 18, 2001 | From Dow Jones Newswires
MedCom USA Inc. cut its U.S. staff by 20%--about 24 employees--to reduce costs, and said Tuesday it may be delisted from Nasdaq because it doesn't meet the minimum price requirement. The Irvine health care technology company had nearly 120 employees before the work force reduction and is continuing to evaluate costs.
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