Xilinx Authorizes Stock Repurchase Program
Xilinx is the worldwide leader of programmable logic solutions
SAN JOSE, Calif. -- Feb. 13, 2006-- Xilinx, Inc. (Nasdaq: XLNX) today announced that its Board of Directors has approved an additional stock repurchase program whereby Xilinx is authorized to repurchase up to $600 million of its common stock in the open market.
"Xilinx is committed to returning value to our stockholders. During the past four quarters, the Company purchased 11.6 million shares for approximately $306.4 million. The increase in our stock repurchase program is a reflection of our solid business model as well as confidence in our future growth prospects. Additionally we remain the only PLD company to pay a dividend," stated Wim Roelandts, Chairman and Chief Executive Officer.
This program will be funded using the Company's working capital. As of December 31, 2005, the Company had cash, cash equivalents, short-term and long-term investments of approximately $1.7 billion. Timing of repurchases and the number of shares of common stock to be purchased are dependent upon prevailing market conditions, share price and other factors.
About Xilinx
Xilinx, Inc. is the worldwide leader of programmable logic solutions. Additional information about Xilinx is available at http://www.xilinx.com .
|
Xilinx, Inc. Hot IP
Related News
- Xilinx Board of Directors Authorizes A Repurchase Of Up To $750 Million Of The Company's Outstanding Common Stock
- Synopsys Approves Stock Repurchase Program with Authorization Up to $1.5 Billion
- Synopsys Approves Stock Repurchase Program with Authorization Up to $1 Billion
- Rambus Announces New Stock Repurchase Program
- CEVA, Inc. Announces Expansion of Existing Stock Repurchase Program
Breaking News
- Synopsys.ai Unveiled as Industry's First Full-Stack, AI-Driven EDA Suite for Chipmakers
- Veriest Solutions Promotes Dusica Glisic to Vice President of Frontend Engineering
- Report: Arm proposes change to IP royalty model
- Networking Chip Startup Enfabrica Emerges from Stealth Mode to Solve Scalability and Price-Performance Challenges for AI Growth in Cloud
- Tachyum To Use UCIe Interconnect Standards In Prodigy 2
Most Popular
- 2026 All-Time High in Store for Global 300mm Semiconductor Fab Capacity After 2023 Slowdown, SEMI Reports
- Designing MPUs/MCUs with Functional Safety
- MIPI A-PHY Specification Levels Up In-Vehicle Connectivity
- eMemory and UMC Expand Low-Power Memory Solutions for AIoT and Mobile Markets with 22nm RRAM Qualification
- Alphawave Semi Opens Pune Office, Continues Expansion into India
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |