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Lattice Semiconductor Corporation Announces Two-For-One Stock SplitHILLSBORO, OR. - August 31, 2000 - Lattice Semiconductor Corporation (NASDAQ: LSCC) today announced that its Board of Directors has approved a two-for-one stock split of its common stock to be effected in the form of a stock dividend of one share of common stock for each share of the Company's outstanding common stock. The stock dividend will be payable on October 11, 2000 to stockholders of record as of September 20, 2000. A cash payment will be made in lieu of issuing any fractional shares. The stock split will increase the number of equivalent shares outstanding from approximately 61 million to approximately 122 million. "This stock split should benefit our stockholders and the Company by broadening our stockholder base and improving the liquidity of the market of our stock," stated Cyrus T. Tsui, president and chief executive officer. The foregoing paragraphs contain forward-looking statements within the meaning of the Federal Securities laws including statements about future quarterly financial results, revenues, customers, product offerings and our ability to compete. Investors are cautioned that actual events and results could differ materially from these statements as a result of a number of factors, including overall semiconductor market conditions, market acceptance and demand for our new products, our dependencies on our silicon wafer suppliers, the impact of competitive products and pricing, technological and product development risks. Oregon-based Lattice Semiconductor Corporation designs, develops and markets the broadest range of high-performance ISPTM programmable logic devices (PLDs). Lattice introduced in-system programmability to the logic industry in 1992. In June 1999, Lattice acquired Vantis, the Corporation that invented the PAL® device and the PLD switch matrix architecture, from AMD. Lattice products are sold worldwide through an extensive network of independent sales representatives and distributors, primarily to OEM customers in the communication, computing, industrial and military end markets. Company headquarters are located at 5555 N.E. Moore Court, Hillsboro, Oregon 97124 USA; Telephone (503) 268-8000; FAX (503) 268-8037. For more information access our web site at: www.latticesemi.com. For more information contact:
Roddy Sloss |