[Federal Register Volume 60, Number 80 (Wednesday, April 26, 1995)]
[Notices]
[Page 20547]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-10239]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw From Listing
and Registration; (Semtech Corporation, Common Stock, $.01 Par Value)
File No. 1-6395
April 20, 1995.
The Semtech Corporation (``Company'') has filed an application with
the Securities and Exchange Commission (``Commission''), pursuant to
Section 12(d) of the Securities Exchange Act of 1934 (``Act'') and Rule
12d2-2(d) promulgated thereunder, to withdraw the above specified
security (``Security'') from listing and registration on the American
Stock Exchange, Inc. (``Amex'').
The reasons alleged in the application for withdrawing the Security
from listing and registration include the following:
According to the Company, its Board of Directors unanimously
approved resolutions on March 2, 1995 to withdraw the Security from
listing on the Amex and, instead, list the Security on the Nasdaq/NMS.
The decision of the Board followed a lengthy study of the matter, and
was based upon the belief that listing of the Security on the Nasdaq/
NMS will be more beneficial to its stockholders than the present
listing on the Amex because:
(a) The support of Market Makers on the Nasdaq (as compared to the
activities of the AMEX specialist) and the potential for research
coverage and other financial services will be advantageous;
(b) The greater visibility of the Nasdaq with various media
coverage will be advantageous;
(c) The potential for the Company to be promoted as a growth-
oriented, diversified company is enhanced on the Nasdaq, given the
Nasdaq's history;
(d) There is potentially more capital support for the Company in
the Nasdaq given the Market Maker's responsibilities; and
(e) The services the Nasdaq offers that have been reviewed are more
likely to assist the Company in communicating with shareholders and
understanding the market.
Any interested person may, on or before May 11, 1995, submit by
letter to the Secretary of the Securities and Exchange Commission, 450
Fifth Street, N.W., Washington, D.C. 20549, facts bearing upon whether
the application has been made in accordance with the rules of the Amex
and what terms, if any, should be imposed by the Commission for the
protection of investors. The Commission, based on the information
submitted to it, will issue an order granting the application after the
date mentioned above, unless the Commission determines to order a
hearing on the matter.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 95-10239 Filed 4-25-95; 8:45 am]
BILLING CODE 8010-01-M
