Elantec Semiconductor Announces Two-for-one Stock Split.Business Editors MILPITAS Milpitas (mĭl'pē`təs), city (1990 pop. 50,686), Santa Clara co., W Calif., a suburb of San Jose, southeast of San Francisco; inc. 1954. Manufactures include computers and paint. , Calif.--(BUSINESS WIRE)--Feb. 17, 2000 Elantec Semiconductor, Inc., (Nasdaq:ELNT) today announced a two-for-one stock split in the form of a stock dividend. The split is subject to stockholder approval of an increase in the company's authorized shares Authorized shares Number of shares authorized for issuance by a firm's corporate charter. of common stock from 25,000,000 shares to 50,000,000 shares. This approval will be sought at the company's Special Meeting of Stockholders to be held on April 6, 2000 (the record date for which will be February 23, 2000). Subject to receiving stockholder approval, the record date for the stock split will be April 7, 2000. Thereafter, on or about April 21, 2000, the transfer agent will mail certificates representing one additional share for each share held on April 6, 2000, the record date. If stockholder approval is obtained, the stock split will increase the number of shares of common stock outstanding from approximately 9.5 million to 19.0 million. Elantec 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, integrated DC:DC and xDSL markets. The Company targets high growth commercial markets in which advances in digital integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for technology are driving increasing demand for high speed, high performance and low power consumption analog circuits analog circuit, electronic circuit that operates with currents and voltages that vary continuously with time and have no abrupt transitions between levels. Generally speaking, analog circuits are contrasted with digital circuits, which function as though currents or . |
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