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Technology Stocks : Pericom Semiconductor PSEM

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To: Esa who started this subject8/14/2000 9:04:33 AM
From: Curtis E. Bemis  Read Replies (1) of 532
 
Monday, August 14, 2000

Pericom sets stock split
--8:39 am - By Tomi Kilgore
Pericom Semiconductor (PSEM: news, msgs) is edging 1 1/16 higher to 54 in pre-market trading over the Island ECN. The company said its board of directors have approved a 2-for-1 stock split, effective for shareholders of record at the close of trading on Aug. 24. The stock is expected to begin split-adjusted trading on Sept. 11. "This stock split should benefit our stockholders and the Company by broadening our stockholder base and improving the liquidity of the market for our stock," said Alex Hui, Pericom's president and chief executive.
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