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Technology Stocks : Power-One (PWER) -- Ignore unavailable to you. Want to Upgrade?

To: stock bull who wrote (193)	7/27/2000 12:15:01 PM
From: Slugger	Read Replies (1) \| Respond to of 285

Power-One Declares Two-for-One Stock Split Subject to Approval of Proposed Increase in Authorized Stock CAMARILLO, Calif. (BUSINESS WIRE) - Power-One, Inc. (NASDAQ:PWER) announced that its board of directors has approved a two-for-one stock split, conditioned upon the approval of its stockholders of an increase in its authorized common stock. A special meeting of stockholders will be held on August 31, 2000, to vote on the proposed amendment to the company's Certificate of Incorporation, increasing the total authorized common stock from 60 million to 300 million shares. If stockholders approve the amendment, the stock split will be effected in the form of a 100 percent stock dividend payable September 11, 2000, to stockholders of record on August 31, 2000, the date of the special meeting. The dividend would increase the number of outstanding shares to about 73.6 million from about 36.8 million. About Power-One Power-One is a leading manufacturer of power conversion products designed primarily for communications applications. DC rack power systems are sold directly to Internet service providers and telecom central offices. Embedded OEM power products include AC/DC and DC/DC products and are sold to manufacturers of datacom and telecom equipment. Power-One also supports key customers in the automated/semiconductor test equipment industry and other high-end industrial markets. The company is composed of the AC&DC Power Systems, High Density-Board Mounted Power, Compact Power Systems, Telecom Systems and Powec divisions. Power-One, with headquarters in Camarillo, Calif., has over 5,500 employees with manufacturing operations in Irvine, Calif.; Boston; Mexico; Dominican Republic; Puerto Rico; Norway; Switzerland; Ireland; Slovakia; and China. For information on Power-One and its products, visit the company's website at www.power-one.com. Contact: Power-One Ed Schnopp, 805/987-8741 or The Financial Relations Board, 310/442-0599 Jill Fukuhara (Analyst Contact) Karen Taylor (General Information)