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

MILPITAS, California, April 6, 2000 - Elantec Semiconductor, Inc., (NASDAQ: ELNT) today announced that the company's stockholders approved, at the Special Meeting of Stockholders held on April 6, 2000, an increase in the company's authorized shares of common stock from 25,000,000 shares to 50,000,000 shares. This approval allows the company to follow through with its previously announced intentions to complete a two-for-one stock split in the form of a stock dividend. 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 7, 2000, the record date. The stock split will increase the number of shares of common stock outstanding from approximately 9.5 million to 19.0 million shares.

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.