I called BABY, and the great management of ELNT responded...
Elantec Semiconductor Announces That Board of Directors Authorizes Repurchase of up to 1,000,000 Shares of Common Stock
Business Wire
MILPITAS, Calif., Dec 19, 2000 (BUSINESS WIRE) -- Elantec Semiconductor, Inc.
(Nasdaq:ELNT), a leader in high performance analog integrated circuits, today
announced that its Board of Directors has authorized the repurchase of up to
1,000,000 shares of its common stock. The repurchased stock will provide the
Company with treasury stock for general corporate purposes, such as stock to be
issued under employee stock option plans and stock purchase plans. The stock
purchases will occur from time to time depending on market conditions and other
corporate considerations. The Company currently has approximately 22,000,000
shares of common stock outstanding.
Rich Beyer, Elantec's Chief Executive Officer and President, commented, "This
decision reinforces our belief in the long-term value of the Company as well as
our confidence in our strategy and our growth prospects."
Elantec designs, manufactures and markets high performance analog integrated
circuits primarily for the video, optical storage, communication, and power
management 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.
Certain matters discussed in this press release pertaining to the long-term
value, growth prospects, market conditions, and market trends are
forward-looking statements that involve risks and uncertainties. These risks and
uncertainties include product introductions by the Company's competitors, market
conditions, competitive pricing pressures, fluctuations in manufacturing yield,
changes in the mix or markets in which products are sold, availability and cost
of raw materials, and other risks discussed in the Company's most recent Form
10-K filed with the Securities and Exchange Commission. The Company's actual
results could differ materially from those discussed herein.
I called today shortly after 3 PM EST and they responded
with this message at about 10 PM EST!! God Bless America,
the Nasdaq, ELNT management (they're beautiful), ELNT
shareholders, and all of our tech portfolios. God Bless
them EVERYONE!!!!! |
