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Technology Stocks : Dallas Semiconductor: Time to Buy -- Ignore unavailable to you. Want to Upgrade?

To: B.G. Galbraith who wrote (139)	1/25/2000 4:33:00 PM
From: B.G. Galbraith	Read Replies (1) \| Respond to of 160

Here it is! "Tuesday January 25, 4:02 pm Eastern Time Company Press Release SOURCE: Dallas Semiconductor Corporation Dallas Semiconductor Corporation Declares Two-For-One Stock Split; Approves 30% Increase in Annual Dividend DALLAS, Jan. 25 /PRNewswire/ -- Dallas Semiconductor Corporation (NYSE: DS - news) today declared a two-for-one stock split in the form of a 100% stock dividend on its Common Stock, payable on February 28, 2000, to stockholders of record on February 7, 2000. For every one share of Dallas Semiconductor Common Stock held on the record date, the stockholder will receive one additional share. The additional shares will be mailed or delivered on or about February 28, 2000, by ChaseMellon Shareholder Services, the Company's transfer agent. All outstanding rights under stock options as of the Record Date to acquire Common Stock of Dallas Semiconductor will also be adjusted to give effect to the stock split. The Board of Directors also announced that it has increased its annual cash dividend from $0.20 per share to $0.26 per share on a pre-split basis, representing a 30% increase. The Board declared a quarterly cash dividend of $0.065 per share of Common Stock, payable February 28, 2000, to stockholders of record on February 7, 2000. The cash dividend paid on February 28, 2000, will be paid on a pre-split basis. The quarterly dividend will be $0.0325 per share when adjusted for the stock split. These actions follow the Company's January 13, 2000 announcement of record sales and net income for its 1999 fiscal year ended January 2, 2000. Net sales for 1999 were $392.4 million, up 15% compared to 1998. Net income for 1999 was $68.3 million ($2.21 per share), up 23% compared to 1998. Dallas Semiconductor Corporation manufactures a broad line of mixed- signal, specialty semiconductors. The Company combines proprietary fab and circuit technologies to create innovative products that are sold to over 15,000 customers worldwide. Markets served include broadband telecommunications, wireless handsets, cellular base stations, secure Internet communications, networking, servers, data storage and a wide variety of industrial equipment. - - - - ``Safe Harbor' statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical information, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties including, but not limited to, economic conditions, competition, manufacturing performance, new product development, market acceptance of the Company's new products and other risks indicated in filings with the Securities and Exchange Commission. SOURCE: Dallas Semiconductor Corporation" I love the benign neglect that this thread lavishes on DS BG --------------------------------------------------------------------------------