Finance History | Nasdaq MarketSite — AHAA Stopped and a Wireless Book Printed SWKS
· 2002-6
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Finance History | Nasdaq MarketSite — AHAA Stopped and a Wireless Book Printed SWKS
kevin
People treat Skyworks as an Irvine radio-frequency house that always printed SWKS after a finished Nasdaq book.
The June 2002 issuer was already public under another name. Alpha Industries, Inc. had traded on Nasdaq as AHAA.
A company release dated 26 June 2002 records that the merger of Alpha and Conexant Systems' wireless communications business closed that day.
The same release says the combined company began operations as Skyworks Solutions, Inc. and that the common stock would begin trading that session on the Nasdaq Stock Market under the letters SWKS.
AHAA stopped. SWKS opened on the same legal issuer, now carrying Conexant's spun wireless assets.
The mechanism is a spin-merge, not a cash initial public offering.
Conexant stockholders received Skyworks paper for the wireless book. Alpha stockholders kept the continuing Nasdaq listing under new letters.
A later Skyworks prospectus still records the common stock on the Nasdaq Global Select Market as SWKS.
The present tape is still SWKS on Nasdaq.
The pin is the public Times Square facade of Nasdaq MarketSite, the present street marker for that tape.
Interior trading is not visitable from the sidewalk.
Photo: Luca Marfe, June 2015, CC BY 2.0, via Wikimedia Commons. Nasdaq MarketSite.
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