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Technology Stocks : Alliance Semiconductor (ALSC) To Acquire Stake In Broadcom
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To: Norrin Radd who wrote (3)1/30/1999 7:14:00 PM
From: DJBEINO  Read Replies (1) of 16
 
BROADCOM CORPORATION ANNOUNCES 2-FOR-1 STOCK SPLIT
IRVINE, Calif. - January 26, 1999 - Broadcom Corporation (Nasdaq: BRCM) today
announced that its Board of Directors 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
February 5, 1999. The additional shares will be distributed on or about February
17, 1999, by the Company's transfer agent, U.S. Stock Transfer Corporation.
The Company's Class A Common Stock is traded on the Nasdaq National Market.
A comparable stock dividend will be distributed to holders of Broadcom's Class B
Common Stock, which is not publicly traded. After the distributions, Broadcom
will have outstanding approximately 28 million shares of Class A Common Stock
and approximately 62 million shares of Class B Common Stock.
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