Let s be the space of rapidly decreasing sequences. We give the spectral representation of normal elements in the Fréchet algebra L(s',s) of so-called smooth operators. We also characterize closed commutative *-subalgebras of L(s',s) and establish a Hölder continuous functional calculus in this algebra. The key tool is the property (DN) of s.

We prove precise estimates for the diametral dimension of certain weighted spaces of germs of holomorphic functions defined on strips near ℝ. This implies a full isomorphic classification for these spaces including the Gelfand-Shilov spaces $S{¹}_{\alpha }$ and $S{₁}^{\alpha }$ for α > 0. Moreover we show that the classical spaces of Fourier hyperfunctions and of modified Fourier hyperfunctions are not isomorphic.