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Technology Stocks : Semtech (Nasdaq:SMTC)

SMTC 65.44

-3.2%

Nov 14 9:30 AM EST

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To: John Morrison who wrote (919)	12/3/1999 7:55:00 PM
From: Kelvin Taylor	Read Replies (1) of 1225

NEWBURY PARK, Calif.--(BUSINESS WIRE)--Dec. 3, 1999--Semtech Corp. (Nasdaq:SMTC - news) today announced that it has canceled the $10 million stock repurchase program that was originally announced on July 28, 1999. The company purchased approximately $3.8 million worth of stock under this program. The repurchased shares have been used to fund stock option exercises. Semtech is a leading supplier of analog and mixed-signal ICs used in communication, computer and computer-peripheral, test and measurement, video and industrial equipment applications. biz.yahoo.com Don't know if this will cause any significant selling pressure next week or not. Could be a not event. Comments anybody? Kelvin

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