Stock Split announced. Hasn't been posted, but I guess you all know it. Regards, Mark
PORTLAND, Ore., Jan. 21 /PRNewswire/ -- Electro Scientific Industries, Inc. ESIO today announced that its Board of Directors has approved a two-for-one stock split of the Company's common stock.
(Photo: newscom.com )
The stock split will be distributed February 24, 2000, to all shareholders of record at the close of business on February 3, 2000. Shareholders will receive one additional share of ESI common stock for each share owned, the new shares to be payable in the form of a 100 percent stock dividend. After the split, approximately 27 million shares of the Company's stock will be outstanding.
ESI President and CEO Donald R. VanLuvanee explained the action as an attempt to improve trading liquidity and broaden ownership of the Company's stock. "With the continuing improvement in the electronics marketplace and the strengthening of ESI revenue and earnings, we have seen increased interest in the financial community and improved valuation of our stock," said VanLuvanee. "Splitting the stock will increase the float and ease trading of ESIO shares."
ESI, headquartered in Portland, Oregon, designs and manufactures sophisticated products used around the world in electronics manufacturing including: laser manufacturing systems for semiconductor yield improvement; production and test equipment for the manufacture of surface mount ceramic capacitors; laser trim systems for precise electrical tuning of circuits; precision laser and mechanical drilling systems for electronic interconnection; and machine vision systems. Electro Scientific Industries is traded on the Nasdaq National Market System under the symbol, "ESIO." ESI's web site is esi.com .
SOURCE Electro Scientific Industries, Inc.
|
