Broadcom Corporation Announces 2-For-1 Stock Split.Business Editors, High-Tech Writers IRVINE, Calif.--(BUSINESS WIRE)--Jan. 18, 2000 Broadcom Corporation (Nasdaq: BRCM BRCM Broadcom Corporation (stock abbreviation, AMEX) BRCM Master Chief Boilermaker (USN rating) ) today announced that its Board of Directors has approved a 2-for-1 stock split of its Common Stock, which will be effected in the form of a 100 percent stock dividend. Holders of Broadcom's Class A Common Stock will receive one additional share of Class A Common Stock for every share held on the record date of January 31, 2000. The additional shares will be distributed on or about February 11, 2000 by the Company's transfer agent, U.S. Stock Transfer Corporation. U.S. Stock Transfer Corporation may be contacted at 818-502-1404 or at www.usstock.com. A comparable stock dividend will be distributed to holders of Broadcom's Class B Common Stock. Broadcom's Class A Common Stock is traded on the Nasdaq National Market(R); the Class B Common Stock is not publicly traded. Shares of Broadcom's Class B Common Stock are identical to Broadcom Class A Common Stock except for certain voting rights Voting rights The right to vote on matters that are put to a vote of security holders. For example the right to vote for directors. voting rights The type of voting and the amount of control held by the owners of a class of stock. , may be converted into Class A Common Stock at any time at the holder's option, and are automatically converted into Class A Common Stock upon sale and most other transfers. After the distributions, Broadcom expects to have outstanding approximately 111 million shares of Class A Common Stock and approximately 99 million shares of Class B Common Stock, based upon the company's outstanding shares as of December 31, 1999. About Broadcom Broadcom Corporation is a leading provider of highly integrated silicon solutions that enable broadband digital transmission of voice, data and video content to and throughout the home and within the business enterprise. Using proprietary technologies and advanced design methodologies, the Company designs, develops and supplies integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. for a number of the most significant broadband communications markets, including the markets for cable set-top boxes The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. , cable modems cable modem Modem used to convert analog data signals to digital form and vise versa, for transmission or receipt over cable television lines, especially for connecting to the Internet. , high-speed office networks, home networking, direct broadcast satellite and terrestrial digital broadcast, and digital subscriber line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and (xDSL). Broadcom is headquartered in Irvine, Calif., and may be contacted at 949-450-8700 or at www.broadcom.com. Broadcom(R) and the Broadcom pulse logo are trademarks of Broadcom Corporation and/or its subsidiaries in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and certain other countries. |
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