Microchip Technology Announces Stock Split
Business Wire - January 03, 2000 16:46
CHANDLER, Ariz.--(BUSINESS WIRE)--Jan. 3, 2000--Microchip Technology
Inc. (NASDAQ:MCHP), the leading semiconductor manufacturer of field
programmable microcontrollers, Monday announced a 3-for-2 stock split.
The stock split is being implemented to increase trading liquidity and to place the stock in a more attractive trading range for retail investors. The stock split will be effective for stockholders of record after the market closes on Jan. 18, 2000.
Additional stock certificates will be mailed to stockholders of record on Feb. 7, 2000 at the rate of one additional share for every two shares held. Any fractional shares will be payable in cash. The adjusted number of shares outstanding and adjusted per-share stock price will be reported by NASDAQ effective Feb. 8, 2000.
Microchip Technology Inc. manufactures the PICmicro(R) family of
RISC-based microcontrollers with OTP, Flash, and ROM memory technologies; Serial EEPROMs; KEELOQ(R) code-hopping devices; related microperipheral products including RFID, analog and system supervisors ICs; and other specialized semiconductor products.
These products target thousands of embedded control applications in the consumer, automotive, office automation, communications and industrial markets. Microchip's quality systems are ISO 9001 and QS-9000 certified. Headquartered near Phoenix in Chandler, Microchip employs approximately 2,000 people worldwide and has sales offices throughout Asia, Europe, Japan and the Americas.
Additional company information is available on our website at
www.microchip.com. |
