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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