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Cirrus Logic Announces Stock Repurchase Program
BusinessWire, Thursday, January 29, 1998 at 18:18
FREMONT, Calif.--(BUSINESS WIRE)--Jan. 29, 1998--Cirrus Logic
Inc. (NASDAQ:CRUS) today announced that its Board of Directors
approved a plan whereby the company may repurchase up to 10,000,000
shares of its Common Stock in the open market from time to time,
depending upon market conditions, share price and other conditions.
As of Dec. 27, 1997, Cirrus Logic had 68,019,593 shares of Common
Stock outstanding. The company may use the repurchase to offset shares
issued in connection with various company employee stock plans.
Cirrus Logic news releases may be obtained by fax by dialing
1-800-359-6414, or by dialing 510-249-4200 from outside the United
States, or via Internet on the world wide web at
cirrus.com
CONTACT: Cirrus Logic Inc.
Ronald K. Shelton, 510/623-8300
or
Bonnie McBride, 510/226-2112 (Investor Relations)
invest@corp.cirrus.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS
INTERACTIVE/MULTIMEDIA/INTERNET PRODUCT
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Companies or Securities discussed in this article:
Symbol Name
NASDAQ:CRUS Cirrus Logic
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