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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: JoeinIowa who wrote (9646)10/18/1998 10:08:00 PM
From: Sergio H  Read Replies (2) | Respond to of 29382
 
Jose, maybe you missed this in your reading:
<Thursday August 13, 9:30 am Eastern Time
VLSI Technology Announces Stock Repurchase

SAN JOSE, Calif.--(BUSINESS WIRE)--Aug. 13, 1998--VLSI Technology, Inc. (NASDAQ:VLSI - news) today announced that it has begun purchasing shares of the company's common stock under a program authorized by its Board of Directors in 1996.

The company plans to purchase up to 2 million shares. The program provides that repurchased shares may be reissued to employees under the company's stock option and stock purchase plans.

The company plans to continue purchasing shares under the program at appropriate opportunities based on several factors, including the level of employee stock option exercises, the price of VLSI's stock, and market conditions.

biz.yahoo.com

Just trying to help Jose. Sorry we don't agree on VLSI, but I posted to you why I don't think it's going anywhere right now. I've been wrong before, so who knows.....

Sergio