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IN BRIEF.


VALLEY INDEX GAINS: Shares of most companies in the Daily News Index rose Wednesday, led by Westlake Village's K-Swiss Inc. and Camarillo's Power-One Inc. K-Swiss jumped $7.875 to $46.50. Power-One gained $3.75 to $24.625.

- Daily News

GOING PUBLIC: The initial public offering of Salem Communications Corp., a Camarillo-based owner and operator of religious radio stations The following is a list of religious radio stations divided by country. Australia
  • HEART 103.2 Sydney
  • Life FM Adelaide
  • Life FM Sale, Victoria
  • Life FM Gold Coast Queensland
  • Light FM Melbourne
  • Rhema FM Newcastle, New South Wales
, was priced Wednesday at $22.50. Salem's 6 million shares - plus up to 1.5 million shares owned by other stockholders - will begin trading today on the Nasdaq national market under the ticker symbol Ticker Symbol

An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors
 SALM.

- Daily News

MOVING OVER: Thousand Oaks-based SMTEK International Inc. said regulators have approved the trading of its stock on Nasdaq's SmallCap market. The company's shares will begin trading today under the symbol SMTI SMTI Supernatural Ministries Training Institute (London, ON, Canada)
SMTI Systems Management Tools Initiative (Oracle)
SMTI SAF Medical Training Institute (Singapore) 
. SMTEK said it was switching from the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
 because listing requirements Listing requirements

Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading.
 were being raised.

- Daily News

FIRST DAY: Shares of Seminis Inc., a Saticoy-based producer of vegetable and fruit seeds, rose 6.25 cents to $15.0625 on Wednesday, their first day of trading. More than 6 million shares traded hands. Seminis trades on the Nasdaq national market under the ticker symbol SMNS.

- Daily News
COPYRIGHT 1999 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Geographic Code:1USA
Date:Jul 1, 1999
Words:195
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