Sunnyvale, CA--April 23, 1997--Integrated Systems Inc. (Sunnyvale, CA) announced that its board of directors has authorized the company to repurchase up to one million shares of its common stock for cash from time-to-time at market prices, and as market and business conditions warrant, in open market, negotiated, or block transactions. The company has approximately 23 million shares outstanding.
A portion of the repurchased shares may be used to fund employee benefit plans and the balance will be available for general corporate purposes. No time limit was set for the completion of the program.
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