SMSC Announces Stock Option Grants.Business Editors HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Dec. 31, 2003 Standard Microsystems Corporation (Nasdaq: SMSC SMSC Short Message Service Center SMSC Standard Microsystems Corporation (New York) SMSC Spiritual Moral Social Cultural (education) SMSC Stephenville Medical and Surgical Clinic ) today announced that, as an inducement to entering into employment with the Company, stock option grants covering an aggregate of 82,700 shares, all having exercise prices of today's closing price per share, are being granted to 20 newly hired individuals who will be employed in positions ranging from machine operator to director of engineering. None of these individuals are officers of the Company. This notice of the aforementioned employment inducement stock option grants, all effective December 31, 2003, is being made in accordance with Nasdaq Marketplace Rule 4350, as amended October 14, 2003. About SMSC: SMSC provides Real World Connectivity(TM) solutions for high-speed communication and computing applications. Leveraging a broad intellectual property portfolio, the Company thrives at the intersection of software, silicon and customized OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and applications. Through the integration of its leading-edge digital, mixed-signal and analog functionality and software expertise, SMSC delivers complete solutions that monitor and manage computing systems and connect peripherals to computers and to one another. The Company is the world's leading provider of Advanced Input/Output (I/O (Input/Output) The transfer of data between the CPU and a peripheral device. Every transfer is an output from one device and an input to another. See PC input/output. I/O - Input/Output ) hardware and software solutions ranging from legacy PC I/O to leading-edge system management functionality. Through high-speed serial interfaces, including USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. 2.0 and embedded Ethernet A single-chip implementation of the Ethernet networking standard. It is used to attach devices such as environmental monitors, sensors and Webcams directly to an Ethernet without requiring a computer for connection. See Ethernet. , SMSC delivers faster and higher-bandwidth peripheral connections for a wide range of products such as memory card readers, mass storage devices, digital cameras and keyboards and enables innovative high-speed networking functionality for consumer electronics, set-top boxes, printers and copiers, wireless routers, gaming machines, security and surveillance systems, car navigation See GPS. systems, and more. SMSC, a fabless semiconductor supplier, is based in Hauppauge, New York Hauppauge (pronounced /hɔpɔg/) is a hamlet in the Town of Islip and the Town of Smithtown in Suffolk County, New York, United States. and maintains offices worldwide, including locations in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Taiwan, Japan, Korea, China and Europe. SMSC operates engineering design centers in Phoenix, AZ, Tucson, AZ, Hauppauge, NY and Austin, TX. More information about the Company is available on the World Wide Web at http://www.smsc.com. Standard Microsystems and SMSC are registered trademarks, and Real World Connectivity is a trademark, of Standard Microsystems Corporation. Product names and company names are trademarks of their respective holders. |
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