TriQuint Semiconductor, Inc. Announces Two-for-One Stock Split
Hillsboro, OR. TriQuint Semiconductor, Inc. (Nasdaq:TQNT) today announced that its Board of Directors has declared a two-for-one stock split of the outstanding shares of TriQuint Semiconductor common stock. The split will be effected in the form of a stock dividend.
The stock split will be payable on or about July 11, 2000, to shareholders of record as of June 19, 2000. Shareholders will receive one additional share of TriQuint Semiconductor common stock for every one share held on the record date. The total number of shares outstanding after the split will be approximately 77 million. Steven J. Sharp, TriQuint s President and Chief Executive Officer, commented, "We are offering this stock dividend because of the increase in the market price of the company s common stock over the past year. The dividend will decrease the price per share, consequently broadening the distribution and enhancing 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 at 503/615-9000 (fax 503/615-8900).
Contact:
Ed Whitehurst
VP of Finance & Administration, CFO
TriQuint Semiconductor, Inc.
Tel: 503/615-9415
Fax: 503/615-8904
Email, ewhitehurst@tqs.com
or
Heidi A. Flannery
Investor Relations Counsel
Fi.Comm
Tel: 503/844-8888
Ed Whitehurst
VP of Finance & Administration, CFO
TriQuint Semiconductor, Inc.
Tel: 503/615-9415
Fax: 503/615-8904
Email, ewhitehurst@tqs.com
or
Heidi A. Flannery
Investor Relations Counsel
Fi.Comm
Tel: 503/844-8888
E-mail: ewhitehurst@tqs.com
