If you use the defaults for Imagemagick, the output of a PDF file with text converted to PNG is unreadable. The secret is to use the density option:
$ convert -density 300 xxxxx.pdf yyyyy.png
If the original PDF has a transparent background, use the alpha option:
$ convert -density 300 xxxxx.pdf -alpha off yyyyy.png
[update 2018]
can also use
$ pdftoppm input.pdf outputname -png