National Instruments Corp. Declares 3-for-2 Stock Split.AUSTIN, Texas--(BUSINESS WIRE)--Oct. 24, 1997--National Instruments Corp.'s (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 :NATI NATI National Association of Teen Institutes NATI Newfoundland Association of Technical Industries ) board of directors has declared a 3-for-2 stock split to be effected as a stock dividend of 1 share of common stock for every 2 shares of common stock outstanding. Stockholders of record on Oct. 28, 1997 will be entitled to 1 additional share of common stock for every 2 shares of the company's common stock held on that date. "We are sensitive to our stockholders' desire for higher trading volumes and increased liquidity in our stock," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dr. James Truchard Dr. James Joseph Truchard (born June 25, 1943 in Austin County, Texas) is the co-founder and current president and CEO of National Instruments, a company producing automated test equipment and virtual instrumentation software. , president and chief executive officer. "We feel this is a good opportunity to increase the marketability of our shares and make it easier for individuals to invest in the company." The new stock resulting from the 3-for-2 split will be issued on or about Nov. 12, 1997 to holders of record as of Oct. 28, 1997. On Sept. 30, 1997, the company had approximately 21.7 million shares of common stock outstanding. After the stock split, the company will have approximately 32.6 million shares of common stock outstanding. Technically, the stock split will be effected in the form of a dividend which will be paid in newly issued common stock in accordance with Delaware corporate law. National Instruments National Instruments, or NI (NASDAQ: NATI), is an American company with over 4,000 employees and direct operations in 41 countries founded in 1976 by Dr. James Truchard, Bill Nowlin and Jeff Kodosky. manufactures software and hardware products for PCs and workstations that scientists and engineers use to build virtual instrumentation systems for a variety of applications and industries. The company's common stock is traded 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. under the symbol: NATI. More information on National Instruments is available from the company's SEC filings or by contacting the company's Investor Relations Investor relations The process by which the corporation communicates with its investors. Department at 6504 Bridge Point Parkway, Austin, TX 78730-5039, 512/349-5090. General company, product and financial information can be accessed through the National Instruments web site at http://www.natinst.com . CONTACT: National Instruments, Austin Tad Druart, 512/794-5662 (Media) Alex Davern, 512/795-6977 (Analysts) |
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