Valley Forge, Pa.--Jan. 22, 1998--Integrated Circuit Systems, Inc.announced that its board of directors has authorized a new stockrepurchase program of up to 1.5 million shares of common stock.
The company's cash and deposits total approximately $45 million at the end of the second quarter, which is a net increase of approximately $11 million from the end of FY97.
The new repurchase program authorizes the purchase, from time to time, of 1,500,000 shares of the company's common stock on the open market. The timing and amount of shares repurchased will be determined by ICS's management based on its evaluation of market economics and conditions.
Integrated Circuit Systems
Return to Headlines