News & Events
Elantec Semiconductor Announces Two-For-One Stock Split

MILPITAS, California, February 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 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 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 technology are driving increasing demand for high speed, high performance and low power consumption analog circuits.