Alpha Industries, Inc. Announces Two-For-One Stock Split.Business/Technology Editors WOBURN, Mass.--(BUSINESS WIRE)--Jan. 27, 2000 Alpha Industries Alpha Industries is a clothing manufacturer founded in 1959 in Knoxville, Tennessee. The company makes items such as flight jackets and vests, and has made jackets for the military of the United States like the M65 Jacket. Two models are the MA-1 and CWU-45/P pilot jackets. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AHAA AHAA Association of Hispanic Advertising Agencies AHAA American Hearing Aid Associates AHAA Adolescent Health and Academic Achievement Study ) today announced that its Board of Directors has approved a two-for-one stock split, to be effected in the form of a stock dividend or stock distribution, subject to stockholder approval of an increase in the Alpha's authorized shares Authorized shares Number of shares authorized for issuance by a firm's corporate charter. of Common Stock to 100 million shares. Alpha will seek approval of the share increase at a Special Meeting of Stockholders to be held on March 28, 2000; the record date for the meeting will be February 11, 2000. Subject to receiving such stockholder approval, the record date for the stock split will be March 29, 2000 and the payment date will be April 19, 2000. On the payment date, the transfer agent will mail certificates representing one additional share for each share held on March 29, 2000. Should stockholder approval be obtained, the stock split will increase the number of shares outstanding from approximately 20 million to approximately 40 million shares. Alpha Industries designs, develops, manufactures and markets proprietary radio frequency, microwave frequency and millimeter wave frequency integrated circuits and discrete semiconductors for wireless voice and data communications. The primary applications for Alpha's products include wireless handsets for cellular and personal communications services See PCS. , or PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. . Alpha also produces integrated circuits, discrete components and ceramic resonators and ferrites used in wireless base station equipment, cable television, wireless local loop, wireless personal digital assistants and wireless local area networks. Additional information is available at Alpha's Website - www.alphaind.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion