Elantec Semiconductor Added to S&P SmallCap 600 Index.Business Editors MILPITAS, Calif.--(BUSINESS WIRE)--April 3, 2001 Elantec Semiconductor, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ELNT), a leader in high-performance analog ICs, today announced its addition to the Information Technologies Sector of Standard & Poor's (S&P) SmallCap 600 Index, effective after the close of trading on Friday, March 30, 2001. The S&P SmallCap 600 Index is comprised of 600 domestic stocks chosen by S&P on the basis of market size, liquidity, bid-asked spread Bid-asked spread The difference between the bid and the asked prices. , ownership, share turnover, number of no trade days and industry group representation. The S&P Index is regarded as the standard for measuring small-cap stock market performance. Commenting on the announcement, Brian McDonald For the former professional ice hockey player, see Brian McDonald (ice hockey) Brian "Beano" McDonald is a Laois Gaelic footballer who won two All-Ireland Minor Football Championship medals in 1996 and 1997 and a Leinster Senior Football Championship medal in 2003. , Chief Financial Officer, said, "Standard & Poor's is recognized around the world as a leading provider of independent financial information and analytical services. To be included in their SmallCap 600 Index is further recognition that Elantec has joined a reputable rep·u·ta·ble adj. Having a good reputation; honorable. rep  u·ta·bil and accomplished group of financial peers. We feel that inclusion in this index will further increase the Company's visibility in the marketplace." Elantec Semiconductor designs, manufactures and markets high performance analog integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. primarily for the video, optical storage, communications, and power management markets. The Company targets high growth commercial markets in which advances in digital circuit technology are driving increased demand for high speed, high performance and low power consumption products. Global headquarters are in Milpitas, California Milpitas (IPA pronunciation: mɪlpitʌs; inhabitants are called 'Milpitans') is a city in Santa Clara County, California. It is located with San Jose to its south and Fremont to its north, at the eastern end of Highway 237 and generally between Interstate freeways 680 and . For additional information, visit the Elantec Semiconductor Web site at www.elantec.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion