Burr-Brown Corp. announces plans for further stock repurchase.TUCSON, Ariz.--(BUSINESS WIRE)--April 26, 1996--Burr-Brown Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BBRC BBRC Biochemical and Biophysical Research Communications BBRC Bellevue Breakfast Rotary Club (Washington state) BBRC Ball Brothers Research Corporation ) announced that its board of directors has approved a plan to purchase up to 500,000 shares of the company's common stock in the open market. On Dec. 21, 1995, an approved plan to purchase up to 500,000 shares was announced. To date, approximately 290,000 have been repurchased under this plan. Today's announcement represents an addition to the December plan. Purchase activity will be ongoing and timed to take advantage of what the company considers to be a favorable price for its stock. The acquired shares will be used to provide shares for employee stock option programs. All trades will be in accordance with Rule 10B-18. Syrus P. Madavi, president and chief executive officer, said, "This expansion of our stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program further confirms our confidence in the long-term growth potential of our core analog and mixed signal IC business and in the company's ability to profitably capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. that potential." Burr-Brown Corp. is a world-wide leader in the development, manufacturing and marketing of electronic components including precision linear, data conversion and mixed signal 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. . These products address applications for both analog and digital signal processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). relating to communications, industrial and process control, test and measurement, medical instrumentation, digital audio, multimedia and personal computer systems. Manufacturing facilities are located in Tucson, Livingston, Scotland and Atsugi, Japan. Direct sales and distribution locations are in the United States, Japan, Germany, France, Italy, England, Switzerland and the Netherlands. For additional information, please write to Burr-Brown Corp., Investor Relations Investor relations The process by which the corporation communicates with its investors. , P.O. Box 11400, Tucson, AZ 85734, or call John L. Carter, executive vice-president and chief financial officer, at 520/746-7758. CONTACT: Burr-Brown Corp., Tucson John L. Carter, 520/746-7758 |
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