SiliconBeat

In the world of reverse-splits, it rarely gets as dramatic as this. BroadVision of Redwood City said Friday it completed its 1-for-25 split, meaning that shareholders received one new post-split share in exchange for every 25 they owned. Fractional shares will be paid out in cash.

The change will be reflected when the markets open Monday. Broadvision shares (ticker:BVSN) closed Friday at 48 cents each, which will be equal to Read the rest of this entry »

Sanmina-SCI, the San Jose electronics contract manufacturer, said its stockholders approved a proposal by which its board may reverse-split shares of its stock anywhere from 1 share for every 3 to 1 for every 10 shares. The board has up to a year in which to take the step, which was approved Sept. 29.

As of June 28, 2008, Sanmina-SCI (ticker: SANM) had some 531 million shares of common stock outstanding. The board had urged shareholders to OK the reverse-split saying that the resulting higher price per share would attract Read the rest of this entry »

A week after reverse splitting its shares so that stockholders were given one share in exchange for every 15 they already owned, Avanex approved new restricted stock grants, including a grant for42,000 48,000 shares to its interim chief executive officer, Giovanni Barbarossa, and 28,000 shares to each of Bradley Kolb, senior vice president of operations, and Scott Parker, senior vice president of sales, according to a regulatory filing made Friday. Half of the shares in the grants, which were adopted as part of an “employee retention program”, vest after Read the rest of this entry »

Electronics contract manufacturer Sanmina-SCI said Wednesday it would seek approval from shareholders to enact a reverse split of its stock “”within a range of one-for-three to one-for-ten, with the final ratio to be determined by the Board of Directors following stockholder approval,” which the company plans to seek at a special shareholders meeting in September.

No reason was given Read the rest of this entry »

Quantum, the San Jose supplier of computer storage products that a decade ago ranked among the ten biggest companies in Silicon Valley, filed its 2008 proxy Friday containing a proposal asking shareholders to approve a reverse stock split. Not a moment too soon, apparently, as its shares hit what looks to be Read the rest of this entry »