AUSTIN, Texas -- Jan. 21, 2004 -- National Instruments (Nasdaq: NATI) Corporation Board of Directors declared a 3-for-2 stock split to be effected as a stock dividend of one share of common stock for every two shares of common stock outstanding. Stockholders of record on Feb. 5, 2004 will be entitled to one additional share of common stock for every two shares of the company's common stock held on that date. "Our previous stock splits successfully increased our trading volume and the liquidity of our stock," said Dr.
James Truchard, NI CEO. "We feel this is a good opportunity to increase the marketability of our shares and make it easier for individuals to invest in the company." The new stock resulting from the 3-for-2 split will be issued on or about Feb. 20, 2004 to holders of record as of Feb. 5, 2004.
On Jan. 21, 2004, the company had approximately 52 million shares of common stock outstanding. After the stock split, the company will have about 78 million shares of common stock outstanding. Technically, the stock split will be effected in the form of a dividend, which will be paid in newly issued common stock in accordance with Delaware corporate law.
About National InstrumentsNational Instruments ( www.ni.com ) is a technology pioneer and leader in virtual instrumentation -- a revolutionary concept that has changed the way engineers and scientists approach measurement and automation. Leveraging the PC and its related technologies, virtual instrumentation increases productivity and lowers costs for customers worldwide through easy-to-integrate software, such as the NI LabVIEW graphical development environment, and modular hardware, such as PXI modules for data acquisition, instrument control and machine vision. Headquartered in Austin, Texas, NI has more than 3,000 employees and direct operations in 40 countries.
In 2003, the company sold products to more than 25,000 different companies in more than 80 countries around the world.
For the past five consecutive years, FORTUNE magazine has named NI one of the 100 best companies to work for in America.Readers may obtain investment information from the company's investor relations department by sending e-mail to [email protected] or on the Web at www.ni.com/nati .