Semtech Message Board - Msg: 2935127

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Technology Stocks : Semtech

SMTC 73.23

-0.3%

9:44 AM EST

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To: Jeff Bond who wrote (580)	12/11/1997 2:45:00 AM
From: Todd D. Wiener	Read Replies (1) of 886

Welcome to all new thread participants (and to the numerous lurkers)! As I had suspected, the pooling of interests deal didn't affect SMTC's ability to do a split. While I don't think the split will have any net effect on the stock, it may indicate that the company is comfortable with its business outlook. The record date for the split (December) is fairly meaningless, because a purchaser of shares on January 2 will still have twice as many shares by mid-January. The date that matters is January 12 (or 13), when the stock begins trading at half the price. As most of us know, this split has no effect on earnings or anything else. There will be twice as many shares at half the price. It will also mean that my $2.65 estimate for FY99 will become a ~$1.32 estimate. I believe that fully diluted shares outstanding will be closer to 16 million than to the 14 million mentioned in the release. Dave- I appreciate your appreciation of my contributions. I'll take a look at your CBXC. Todd

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