Teradyne Message Board - Msg: 10753584

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Technology Stocks : Teradyne

TER 195.18

+2.5%

Dec 19 9:30 AM EST

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To: tech101 who wrote (975)	7/31/1999 11:12:00 AM
From: Proud_Infidel	Read Replies (1) of 1184

Teradyne approves 2-for-1 stock split BOSTON, July 30 (Reuters) - Electronics test systems maker Teradyne Inc. (NYSE:TER - news) on Friday said its board has approved a two-for-one stock split of the company's common stock. President and CEO George Chamillard said the stock split was an attempt to improve trading liquidity and broaden ownership of the company's stock. ''Splitting the stock will bring the price back down to a level more investors are comfortable with,'' Chamillard said. ''As Teradyne's sales and earnings have grown, the financial community has significantly increased the valuation of our stock to the point where small investors may be put off.'' Shares closed up six cents at $74.56 on Friday. After the split, about 178 million shares of the company's stock will be outstanding, excluding treasury shares. Teradyne is a maker of electronic test systems and related software used to design and test manufactured products and electronic equipment. It is the top maker of automated test equipment for the electronics industry. All shareholders of record at the close of business on Aug. 17, 1999 will receive one additional share for each share owned, the new shares to be payable in the form of a 100-percent stock dividend. Teradyne reported a second quarter profit of 60 cents per diluted share on revenues of $400.9 million for the second quarter of 1999 versus a profit of $1.04 on revenues of $406.2 million the prior year. biz.yahoo.com

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