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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Voltaire who wrote (1062)9/13/2000 6:54:57 PM
From: T L Comiskey  Read Replies (2) | Respond to of 65232
 
Volt...here's one Jim W pointed out to me...bought a few hundred recently...
Thank You Jim
Tim

After-hours spin-off news send Conexant higher
By: Sam Ames
9/13/00
Source: CNET Investor

Shares of Conexant rose 17 percent in after-hours trading after the company announced it would split itself into two companies.

The Newport Beach, Calif.-based chipmaker said today it will spin off its network access division, which makes chips for the Internet infrastructure market. The remaining company
will house all of Conexant's other chipmaking businesses including semiconductors for cell phones, modems and other consumer electronics.

In after-hours trading, Conexant rose $6.44 to $43.59 on a volume of 534,900 and was the largest percentage gainer on the Nasdaq in
post-market activity. Conexant rose $3.31 to $37.06 during regular trading hours.