BROADCOM Q4 EARNS 31 CENTS VS. 7 CENTS
<<<<<<Splits are fun but I like the $.31 better>>>>>
Broadcom Corporation Announces 2-For-1 Stock Split
Business Wire - January 18, 2000 16:19
IRVINE, Calif.--(BUSINESS WIRE)--Jan. 18, 2000--Broadcom Corporation (Nasdaq: BRCM) today announced that its Board of Directors has approved a 2-for-1 stock split of its Common Stock, which will be effected in the form of a 100 percent stock dividend.
Holders of Broadcom's Class A Common Stock will receive one additional share of Class A Common Stock for every share held on the record date of January 31, 2000. The additional shares will be distributed on or about February 11, 2000 by the Company's transfer agent, U.S. Stock Transfer Corporation.
U.S. Stock Transfer Corporation may be contacted at 818-502-1404 or at www.usstock.com.
A comparable stock dividend will be distributed to holders of Broadcom's Class B Common Stock. Broadcom's Class A Common Stock is traded on the Nasdaq National Market(R); the Class B Common Stock is not publicly traded. Shares of Broadcom's Class B Common Stock are identical to Broadcom Class A Common Stock except for certain voting rights, may be converted into Class A Common Stock at any time at the holder's option, and are automatically converted into Class A Common Stock upon sale and most other transfers.
After the distributions, Broadcom expects to have outstanding approximately 111 million shares of Class A Common Stock and approximately 99 million shares of Class B Common Stock, based upon the company's outstanding shares as of December 31, 1999.
About Broadcom
Broadcom Corporation is a leading provider of highly integrated silicon solutions that enable broadband digital transmission of voice, data and video content to and throughout the home and within the business enterprise. Using proprietary technologies and advanced design methodologies, the Company designs, develops and supplies integrated circuits for a number of the most significant broadband communications
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