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BROOKTREE TO PURCHASE UP TO 300,000 SHARES OF ITS COMMON STOCK

 BROOKTREE TO PURCHASE UP TO 300,000 SHARES OF ITS COMMON STOCK
 SAN DIEGO, May 14 /PRNewswire/ -- Brooktree Corp. (NASDAQ: BTRE) today announced plans to begin a stock repurchase program whereby up to 300,000 shares of its common stock may be purchased in the open market from time to time.
 William Peavey, the company's chief financial officer, said the decision was made in view of the price at which the corporation's stock has recently traded, and that the company intends to use the stock in connection with employee incentive stock plans. "We feel that share repurchases are an excellent method of providing stock for these programs, and that such repurchases will be beneficial to the shareholders, due to the stock's recent trading price." Peavey noted that except for reissuances in connection with employee stock programs, there are no other specific plans for shares which might be purchased.
 Brooktree Corp. designs, develops and markets proprietary mixed- signal integrated circuits for computer graphics, imaging, high- performance communications and ATE applications. Brooktree is the leading supplier of RAMDACs, which enable workstation, personal computer and laptop computer vendors to offer cost-effective color and gray-scale graphics.
 -0- 5/14/92
 /CONTACT: William R. Peavey, CFO of Brooktree, 619-535-3205; or Deborah Stapleton of Stapleton Communications, 415-856-7955, for Brooktree/
 (BTRE) CO: Brooktree Corp. ST: California IN: CPR SU:


JL -- SD002 -- 0010 05/14/92 08:02 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:May 14, 1992
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