The split was to have happened on September 12, but was delayed due to the disruption of financial markets by the terrorist attacks on the United States. However, representatives of Nasdaq and the New York Stock Exchange have said they expect the US equity markets to re-open this morning.
Shares of Nvidia common stock will open on a post-split basis when trading resumes on the Nasdaq. The split-adjusted price on the last trade on September 10, the most recent Nasdaq trading day, was $37.88. The Nasdaq-100 Index will reflect Nvidia's price on a post-split basis when trading resumes.
The makers of processors for PCs and workstations reported higher revenues and earnings for the first quarter of its fiscal year 2002, ending April 29. The company says revenues for the first quarter increased year-over-year from $148.5 million to $240.9 million, a 62 per cent increase.
Jen-Hsun Huang, Nvidia CEO and president, called this past financial quarter "the beginning of Nvidia's next growth phase", praising his company's success in moving into the mobile and Macintosh markets.
Huang added: "With the strength of our broad product-portfolio, deep product pipeline, and upcoming entry into consumer electronics, we remain excited and confident in the long-term prospects of our business."