TriQuint Semiconductor, Inc. Announces a Two-For-One Stock Split
Decemeber 3, 1999
HILLSBORO, OR. TriQuint Semiconductor (Nasdaq:TQNT) 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, subject to stockholder approval of an increase in the Company s authorized shares of Common Stock to 200 million shares.
Such approval will be sought at a special meeting of Stockholders to be held on January 31, 2000 (the record date for which is December 16, 1999). Subject to receiving such stockholder approval, the Record Date for the stock split will be February 1, 2000 and thereafter, on February 22, 2000, the transfer agent will mail certificates representing one additional share for each share held on this Record Date. Should stockholder approval be obtained, the stock split will increase the number of shares outstanding from approximately 19 million to approximately 38 million shares.
Steven J. Sharp, TriQuint s President and Chief Executive Officer, commented, "We are offering this stock dividend because of the increase in the value of the company over the last year. In addition, the dividend will decrease the price per share, consequently broadening the distribution and improving the marketability of TriQuint s Common Stock."
TriQuint Semiconductor, Inc. (Nasdaq:TQNT) is a leading worldwide supplier of a broad range of high performance gallium arsenide (GaAs) integrated circuits. TriQuint s products span the RF and millimeter wave frequency ranges and employ analog and mixed signal circuit designs. They are used in wireless communications, telecommunications, data communications and aerospace systems. TriQuint offers both standard and customer specific products as well as foundry services. TriQuint s two operations, in Oregon and Texas, are both certified to the ISO 9001 international quality standard.
TriQuint is headquartered at 2300 NE Brookwood Parkway, Hillsboro, OR 97124 and can be reached by phone at 503/615-9000 (fax 503/615-8900). Visit the TriQuint web-site at http://www.triquint.com.
CONTACT: TriQuint Semiconductor, Inc. Edson H. Whitehurst, Jr. 503/615-9444 Fi. Comm Heidi A. Flannery, Investor Relations 503/844-8888
TriQuint Semiconductor,
Inc. Edson H. Whitehurst, Jr. 503/615-9444 Fi. Comm Heidi A. Flannery, Investor
Relations 503/844-8888
Web site: http://www.triquint.com
