Integrated Silicon Solution, Inc. Board Authorizes $30 Million Share Repurchase Program
June 07 2007 - 1:42PM
PR Newswire (US)
SAN JOSE, Calif., June 7 /PRNewswire-FirstCall/ -- Integrated
Silicon Solution, Inc. (NASDAQ:ISSI) today announced that its Board
of Directors has authorized the Company to repurchase up to $30
million of its stock. The stock repurchases will be conducted under
Rule 10b-18 under the Securities Exchange Act of 1934 and will be
made through programs, including company stock purchase plans under
Rule 10b5-1, through brokers or in privately-negotiated
transactions with nonaffiliated stockholders. About the Company
ISSI is a fabless semiconductor company that designs and markets
high performance integrated circuits for the following key markets:
(i) digital consumer electronics, (ii) networking, (iii) mobile
communications and (iv) automotive electronics. The Company's
primary products are high speed and low power SRAM and low and
medium density DRAM. The Company also designs and markets EEPROM,
SmartCards and is developing selected non-memory products focused
on its key markets. ISSI is headquartered in Silicon Valley with
worldwide offices in China, Europe, Hong Kong, India, Korea and
Taiwan. ISSI's web site is at http://www.issi.com/. Forward-Looking
Statements This news release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements concerning our planned stock repurchase
processes and programs are forward-looking statements that involve
risks and uncertainties that could cause actual results to differ
materially from those anticipated. Such risks and uncertainties
include stock price volatility, the Company's business conditions
and cash balances, the effect of economic conditions and interest
rates, and other risks listed from time to time in the Company's
filings with the Securities and Exchange Commission, including the
Company's Form 10-Q for the period ended March 31, 2007. The
Company assumes no obligation to update or revise the
forward-looking statements in this release because of new
information, future events, or otherwise. DATASOURCE: Integrated
Silicon Solution, Inc. CONTACT: Investor Relations, Scott Howarth,
Vice-President & CFO of Integrated Silicon Solution, Inc.,
+1-408-925-4686 Web site: http://www.issi.com/
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