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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 177.78-2.2%Jan 9 9:30 AM EST
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To: Boplicity who wrote (57031)12/27/1999 9:22:00 PM
From: uel_Dave  Read Replies (1) of 152472
 
Greg, I assume that the 4:1 split will start before the bell on Friday December 31 ( for pre market trading and Island trading at 8:00 a.m. )? Therefore we have only three more full trading days and the Nasdaq open until 1:00 p.m. on Friday with the 4:1 split shares. How will this affect the momentum for QCOM split on a short day of trading?

The press release below states; on or about December 31, 1999

corporate-ir.net

As a result, QUALCOMM will effect its previously announced four-for-one stock split, originally approved by its Board of Directors on November 2, 1999. The stock split is a tax-free distribution to QUALCOMM stockholders. Stock certificates representing three additional shares for each share held will be mailed on or about December 30, 1999 (Distribution Date) to all stockholders of record at the close of business on December 20, 1999 (Record Date), provided that such stockholders of record continue to hold their shares on the Distribution Date. Stockholders who dispose of their shares of common stock between the Record Date and the Distribution Date will not be entitled to keep the additional shares and such additional shares will be transferred to the holder of the original shares as of the Distribution Date. The Ex-Dividend Date for the stock split will be the next business day following the Distribution Date, on or about December 31, 1999.
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