News & Events
Elantec Semiconductor, Inc. Files Registration Statement For Public Offering Of 1,600,000 Shares Of Common Stock

MILPITAS, CALIFORNIA, August 16, 2000 - Elantec Semiconductor, Inc. (NASDAQ: ELNT) today announced that it has filed a registration statement with the Securities and Exchange Commission related to the proposed public offering of 1,600,000 shares of Common Stock. Of the total, 1,520,000 shares will be offered by the Company and 80,000 shares will be offered by selling stockholders. Robertson Stephens is acting as lead-manager. Banc of America Securities LLC, Thomas Weisel Partners LLC, and Adams, Harkness & Hill, Inc. will co-manage the underwriting group.

The offering is expected to include a 30-day option to the underwriters to purchase up to an additional 240,000 shares of Common Stock from the Company solely to cover over-allotments, if any.

The Company intends to use the proceeds from the offering primarily for general corporate purposes, including working capital and capital expenditures, and for potential strategic investments or acquisitions.

Written copies of the prospectus may be obtained, when available, by contacting: FleetBoston Robertson Stephens Inc., 555 California Street, San Francisco, California 94104; Banc of America Securities LLC, 600 Montgomery Street, San Francisco, California 94111; Thomas Weisel Partners LLC, One Montgomery Street, San Francisco, California 94104; and Adams, Harkness & Hill, Inc., Sixty State Street, Boston, Massachusetts 02109.

About Elantec Semiconductor, Inc.
Elantec designs, manufactures and markets high performance analog integrated circuits primarily for the video, optical storage, communication, and power management markets.

A registration statement relating to the Company's Common Stock has been filed with the Securities and Exchange Commission but has not yet become effective. The Common Stock may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.