Semtech Announces New $50 Million Stock Buyback Plan...
Camarillo, California - March 4, 2008
Semtech Corporation (Nasdaq: SMTC - News) today announced that its Board of Directors has authorized a new $50 million stock buyback program. The new program authorizes the repurchase of common stock from time to time through negotiated or open market transactions. During fiscal year 2008, which ended on January 27, 2008, the Company repurchased an aggregate 12.9 million shares under its previous repurchase program and an accelerated stock repurchase program.
About Semtech
Semtech Corporation is a leading supplier of analog and mixed-signal semiconductors used in a wide range of computer, industrial and communication applications.
Press Contact
Todd German, Investor Relations, Telephone: 805.480.2004
