Linear Technology's Stock Splits 2-for-1
Linear Technology Corp. announced that its board of directors has approved a two-for-one split of its common stock.
Shareholders of record on Jan. 29, 1999 will be issued certificates for the additional shares resulting from this stock split. These certificates will be distributed on Feb. 19, 1999. The stock split will increase the number of shares of common stock outstanding from approximately 75,000,000 shares to approximately 150,000,000 shares. This is the third time since 1992 that the company has had a two-for-one stock split.
Robert H. Swanson, president and CEO, stated that the board of directors authorized the stock split with the intention of benefiting the shareholders by obtaining wider distribution and improving the marketability of the common stock.
Linear Technology Corp. was founded in 1981 as a manufacturer of high performance linear integrated circuits. Linear Technology products include operational, instrumentation and audio amplifiers; voltage regulators, power management devices, DC-DC converters and voltage references; comparators; monolithic filters; communications interface circuits; one-chip data acquisition sub-systems; pulse-width modulators and sample-and-hold devices.