SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Donald Wennerstrom who wrote (49594)10/1/2010 3:44:52 PM
From: Sam  Respond to of 95587
 
OT--
Thanks for taking the time to put forth your views on the future direction of the general market and the SOX. Everyone now, including me, will be paying attention to your thoughts.<g>

Gosh, Don, thanks! Maybe even I will pay attention now!

All I have to do is recall my June prediction that the SOX would bull its way past 400 by sometime in August in order to avoid getting any sort of swollen head syndrome and start Yet Another Useless Newsletter (hmmm, think I'll use that for the name if I do start one--at least I'd have Truth in Advertising going for me).



To: Donald Wennerstrom who wrote (49594)10/1/2010 4:20:36 PM
From: Donald Wennerstrom1 Recommendation  Read Replies (1) | Respond to of 95587
 
LTX-Credence Announces Effectiveness of Reverse Stock Split
5:00 PM ET 9/30/10 | GlobeNewswire

LTX-Credence Corporation (Nasdaq:LTXC) today announced that its previously announced one-for-three reverse stock split became effective as of 5:00 p.m., Eastern time, on September 30, 2010. The reverse stock split will be effective for trading purposes at the opening of the market on October 1, 2010. Due to the reverse stock split, LTX-Credence's common stock will now trade under a new CUSIP number, 502403 207. In addition, the common stock will temporarily trade under the symbol LTXCD for 20 trading days, after which time the symbol will revert to LTXC.

As a result of the reverse stock split, each outstanding share of LTX-Credence common stock was automatically changed into one-third of a share of common stock. Also, as previously announced, the number of authorized shares of LTX-Credence common stock was fixed on a post-split basis at 150,000,000 in connection with the reverse stock split.

No fractional shares will be issued as a result of the reverse stock split. Holders of common stock who would otherwise receive a fractional share of common stock pursuant to the reverse stock split will receive cash in lieu of the fractional share.

Computershare Trust Company, N.A. is the exchange agent for the reverse stock split and will distribute a letter of transmittal to record holders with instructions for the surrender and exchange of old stock certificates and for receiving cash in lieu of fractional shares, if applicable. Stockholders who hold their shares in "street name" will be contacted by their banks or brokers with any instructions.