NVIDIA Confirms Timing of Previously-Announced 2-for-1 Stock Split
NVIDIA's Stock Split Will Be Reflected When Equity Trading Resumes on Nasdaq
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Mary Ann Allencourt
FOR IMMEDIATE RELEASE:
SANTA CLARA, CA — SEPTEMBER 14, 2001 — NVIDIA(R) Corporation (Nasdaq: NVDA) announced today that the two-for-one split of its Common Stock will be reflected as soon as trading in U.S. equity securities resumes on the Nasdaq Stock Market. The split was to have been effective on September 12th, as previously announced by NVIDIA on August 14th; however, the effectiveness of the split has been delayed due to the disruption of U.S. financial markets caused by the tragic terrorist attacks that occurred earlier this week.
Representatives of Nasdaq and the New York Stock Exchange confirmed in a press conference today that they expect the U.S. equity markets to re-open Monday morning, September 17, 2001.
NVIDIA has confirmed the following with Nasdaq:
- Shares of NVIDIA Common Stock will open on a post-split basis when trading resumes on Nasdaq.
- The split-adjusted price as of the last trade on September 10, the most recent day that trading was conducted on Nasdaq, was $37.88.
- The Nasdaq-100 Index (QQQ) will reflect NVIDIA’s price on a post-split basis when trading resumes.
- The ex-dividend date for the stock split will be September 12, 2001, as originally announced.
NVIDIA and Nasdaq expect the Nasdaq systems to maintain the integrity and quality of the market to which investors are accustomed when trading resumes on Monday. NVIDIA is committed to working proactively and in concert with Nasdaq, the nation’s stock brokerage firms and other market participants, to ensure that the stock split occurs smoothly within all systems when trading resumes.
NVIDIA Corporation (Nasdaq - NVDA), based in Santa Clara, California, is the global leader in advanced graphics and multimedia processing technology for the consumer and professional computing markets. Its 2D, 3D, video and multimedia capabilities make NVIDIA one of the premier semiconductor companies in the world. NVIDIA offers a wide range of products and services, delivering superior performance and crisp visual quality for PC-based applications such as manufacturing, science, e-business, entertainment and education.
Certain statements in this press release, including the statements relating to the Company's performance expectations for NVIDIA's family of products and expectations of continued revenue growth, are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Such risks and uncertainties include, but are not limited to, manufacturing and other delays relating to new products, difficulties in the fabrication process and dependence of the Company on third-party manufacturers, general industry trends including cyclical trends in the PC and semiconductor industries, the impact of competitive products and pricing alternatives, market acceptance of the Company's new products, and the Company's dependence on third-party developers and publishers. Investors are advised to read the Company's Annual Report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission, particularly those sections entitled "Certain Business Risks," for a fuller discussion of these and other risks and uncertainties.
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