Altera Announces Stock Split.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Dec. 4, 1996--Altera Corporation (Nasdaq: ALTR) today announced that it will carry out a 2-for-1 stock split. The record date for the stock split will be Wednesday, December 18, 1996, and shareholders of record will receive one additional share of Common Stock for every share held. Altera's transfer agent will mail the new stock certificates representing the additional shares on or about Monday, January 6, 1997. Upon completion of the split, Altera will have approximately 88,000,000 shares outstanding. The market price for Altera common stock as reported by Nasdaq will reflect the stock split beginning Tuesday, January 7, 1997. Rodney Smith, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated, "The stock split is in response to the increase in the market price for the Company's stock throughout this quarter. We feel this is another good opportunity to increase the availability of shares for trading, and possibly to broaden our stockholder base. Our last stock split was completed on June 1, 1995." Altera Corporation, founded in 1983, is a world-wide leader in high-performance, high-density programmable logic devices and associated computer aided engineering (application) Computer Aided Engineering - (CAE) Use of computers to help with all phases of engineering design work. Like computer aided design, but also involving the conceptual and analytical design steps. (CAE (1) (Computer-Aided Engineering) Software that analyzes designs which have been created in the computer or that have been created elsewhere and entered into the computer. ) logic development tools. Programmable logic devices are semiconductor chips that offer on-site programmability to customers. The chips are programmed with tools that run on personal computers or engineering workstations. User benefits include ease of use, lower risk, and fast time-to-market. The Company offers the broadest line of CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. programmable logic devices that address high-speed, high-density, and lower power applications. Altera products serve a broad range of market areas, including telecommunications, data communications, computers, and industrial applications. Altera common stock is traded on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. using the symbol ALTR. CONTACT: Altera Corporation Thomas J. Nicoletti, 408/894-7000 |
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