Artisan Components Announces Stock Repurchase Program.Business Editors/High-Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--April 28, 2004 Artisan Components, Inc. (Nasdaq:ARTI), a leading provider of physical intellectual property (IP), today announced its board of directors has authorized a stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program of up to $10 million of its common stock over the next twelve months. Shares will be repurchased in the open market at times and prices considered appropriate by Artisan. The program is effective immediately. The timing of purchases and the exact number of shares to be purchased will depend on market conditions. As of March 31, 2004, Artisan had approximately 22.9 million shares of common stock outstanding. Forward Looking Statements This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , including statements regarding the stock repurchase of Artisan's common stock, that are subject to certain risks and uncertainties, including, but not limited to, those associated with unpredictability and volatility of the price of Artisan's common stock and the securities of other companies in Artisan's industry, the performance of and conditions in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and world financial markets, the policies and actions of the United States and other governments, the general political, economic and business conditions in the United States and elsewhere, and the status of Artisan's cash balances at any given time, as well as the "Factors Affecting Future Operating Results" set forth in Artisan's most recent Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , its Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. and Artisan's other filings with the Securities and Exchange Commission. Actual results could differ materially, as a result of such factors, from those set forth in the forward-looking statements. Forward-looking statements are only predictions and the actual events or results may differ materially. Artisan cannot provide any assurance that its future results will meet expectations. In addition, historical information should not be considered a predictor of future performance. Neither Artisan nor any other person assumes responsibility for the accuracy and completeness of these forward-looking statements. Artisan disclaims any obligation to update information contained in any forward-looking statement. About Artisan Components Artisan Components, Inc. is a leading provider of physical intellectual property (IP) components for the design and manufacture of complex system-on-a-chip integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. . Artisan's products include embedded Inserted into. See embedded system. memory, standard cell, input/output, analog and mixed-signal components, which are designed to achieve the best combination of performance, density, power and yield for a given manufacturing process. Artisan has licensed its IP components to over 1,200 companies involved in integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for design. Artisan is headquartered in Sunnyvale, California Sunnyvale ([sʌniveil]) is a city in Santa Clara County, California, United States. It is one of the major cities that make up the Silicon Valley. As of the 2000 census, the city population was 131,760. . More information about Artisan Components, including free library access, can be found at www.artisan.com. Artisan Components and Artisan are registered trademarks of Artisan Components, Inc. All other trademarks or registered trademarks are the property of their respective owners. |
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