Elantec Semiconductor CEO Rich Beyer to Open NASDAQ Trading, Tuesday, January 22, 2002.Business Editors MILPITAS, Calif.--(BUSINESS WIRE)--Jan. 17, 2002 Elantec Semiconductor, Inc. (Nasdaq:ELNT), a leading supplier of high performance analog ICs for the video, optical storage, communications and power management markets, announced today that President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Richard Beyer will open trading on the NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. on Tuesday, Jan. 22 at the NASDAQ market headquarters. Beyer will join the NASDAQ executive staff, other company officials and guests to ring the official opening trading bell at 9:30 a.m. Eastern Standard Time. Elantec, which has been publicly traded on the NASDAQ since October 1995, is a member of the Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index Small Cap 600 Index, to which it was added in April 2001. In September 2001, Fortune Magazine named the Company one of the 100 fastest-growing corporations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . In October 2001, Forbes Magazine named the Company as one of America's best small companies. Previously, Electronic Buyers' News, an electronics industry weekly, selected Elantec as the best managed semiconductor company with revenues under $1 billion. In making its decision, EBN EbN abbr. east by north Noun 1. EbN - the compass point that is one point north of due east east by north economists cited Elantec's technical leadership in advanced product development, along with its strong position in emerging, fast growth consumer and computer markets. "The NASDAQ market has experienced tremendous growth since 1995, when Elantec first went public on the NASDAQ exchange, and so has our company," said Beyer. "We are very pleased to be honored with opening the NASDAQ Market next Tuesday. We look forward to an exciting year in which we hope to see an improved economy and the continued success of Elantec in its efforts." About Elantec 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, communication, and integrated DC: DC markets. The Company targets high growth commercial markets in which advances in digital integrated circuit technology are driving increasing demand for high speed, high performance and low power consumption analog circuits. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Any forward looking statements are qualified by their entirety by the complete discussion of risks set forth under the Company's most recent Forms 10-Q and 10-K filed with the Securities and Exchange Commission. For additional information visit the Company's website at www.elantec.com or contact Debbie Ceraolo-Johnson in our Investor Relations Investor relations The process by which the corporation communicates with its investors. Department at 408/945-1323 ext. 507. |
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