C-Cube announces stock split.MILPITAS, Calif.--(BUSINESS WIRE)--Nov. 20, 1995--C-Cube Microsystems Inc. (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 : CUBE), a leading developer of digital video compression Encoding digital video to take up less storage space and transmission bandwidth. See video codec and data compression. video compression - Compression of sequences of images. technology, today announced that it will carry out a 2-for-1 stock split to be effected in the form of a stock dividend. The record date for the stock split will be December 1, 1995, and stockholders of record will receive one additional share of Common Stock for every share held. C-Cube's transfer agent will mail new stock certificates representing the additional shares on or about December 19. Upon completion of the split, C-Cube will have approximately 32 million shares outstanding, based on the number of shares outstanding on October 31, 1995. "We have taken this action to obtain wider distribution and improve the marketability of the outstanding Common Stock," said Alex Balkanski, president and 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. of C-Cube Microsystems. "We are encouraged to see the financial community getting better acquainted with C-Cube and recognizing C-Cube's market potential in digital video." C-Cube Microsystems C-Cube Microsystems Inc. designs and markets 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. and software that implement international standards for the compression of digital images and video. Compression allows digital video to be used in fast-growing applications such as multimedia computing, CD-based consumer electronics and digital television. C-Cube has its headquarters in Milpitas, Calif. and has offices 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. , Europe and Asia. The company employs 228 people worldwide. Its stock is traded on the NASDAQ National Market System under the symbol CUBE. CONTACT: C-Cube Microsystems Jim Burke Jim Burke may refer to:
Mary Sharpless, 408/944-8628 (Media Contact) mary.sharpless@c-cube.com |
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