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Mindspeed Technologies

Mindspeed to
Change Symbol; Option's Value Rising at 162% Rate

12/11/03 Mindspeed Technologies, whose stock options are rising at an annualized rate of 162% since we recommended the options on October 3, will change their ticker symbol and start trading on a different exchange. The company's press release follows.

MINDSPEED TO MOVE TO NASDAQ NATIONAL MARKET AND TRADE UNDER THE SYMBOL MSPD

Company Expects Trading on the NASDAQ National Market Will Enhance Exposure to Technology Investors

NEWPORT BEACH, Calif., December 04, 2003 — Mindspeed Technologies, Inc. (AMEX: MND), a leading supplier of semiconductor solutions for network infrastructure applications, today announced that its application to list its common stock on the NASDAQ National Market has been approved. The company anticipates that its common stock will begin trading on NASDAQ on December 15, 2003, under the symbol MSPD. The company's common stock is expected to continue trading on the American Stock Exchange (Amex) under the symbol MND through December 12, 2003.

"We are very excited about joining the premier stock market for technology companies. The NASDAQ National Market will provide Mindspeed with increased visibility to technology investors worldwide," said Raouf Halim, Mindspeed's chief executive officer.

"We welcome Mindspeed to the NASDAQ National Market," said Bruce Aust, Executive Vice President of The Nasdaq Stock Market, Inc. "Mindspeed joins the many innovative semiconductor companies listed on the NASDAQ National Market. We look forward to helping Mindspeed achieve increased recognition within the investment community."

Source: Mindspeed Technologies

 




 

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