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Qualcomm split cleared
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December 20, 1999: 4:53 p.m. ET
Wireless communications outfit’s shareholders clear 4-for-1 split
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NEW YORK (CNNfn) - Qualcomm said Monday its shareholders approved a 4-for-1 split of its common stock.
In a statement, Qualcomm (QCOM), a key player in wireless communications technology, said shareholders voted to approve the stock split and to increase the number of authorized common shares to 3 billion at a special meeting held Monday morning.
The company said it will mail stock certificates representing three additional shares for each share held on Dec. 30 to all stockholders of record at the close of business on Dec. 20.
Qualcomm shares ended Monday’s session up 11-3/16 at 466-13/16,a 2.6 percent rise on the day.
The company announced the stock split in early November, when it posted fiscal fourth-quarter earnings results.
At Monday’s closing price, Qualcomm shares were up more than 3,119 percent from 14-1/2 a year ago. 
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Qualcomm
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