Triquint Semiconductor (TQNT) Message Board

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Technology Stocks : Triquint Semiconductor (TQNT)

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From: Savant	5/4/2012 11:47:00 AM
	of 995

TriQuint Announces $50 Million Stock Repurchase Program HILLSBORO, Ore., May 03, 2012 (BUSINESS WIRE) -- TriQuint Semiconductor, Inc. (TQNT), a leading RF solutions supplier and technology innovator, today announced a program authorizing the repurchase of up to $50 million of the Company's common stock through May 2, 2013. Under this program, stock repurchases may be made from time to time in the open market at prevailing market prices or through privately negotiated transactions at the discretion of Company management. The timing of open market and privately negotiated purchases will be dependent on market conditions and other corporate considerations, including price, corporate and regulatory requirements and alternative investment opportunities. The program is expected to be funded from existing cash balances and cash generated from operations. The Company is not obligated to repurchase any particular amount of common stock during any period and may choose to suspend or discontinue the repurchase program at any time. Shares of common stock repurchased by the Company through the repurchase program will become authorized but unissued shares. As of May 3, 2012, the Company has approximately 168.2 million shares of common stock outstanding.

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