RFMD announces extension of share repurchase program
RF Micro Devices Inc., a global leader in the design and manufacture of high-performance radio frequency solutions, announced today that the company's board of directors has authorized an extension of RFMD's 2011 share repurchase program to repurchase up to $200 million of the company's common stock through January 31, 2015. Since January 2011, the company has repurchased $ 49.9 million of its common stock under this program, leaving it with additional authorization of up to $150.1 million under the program as a result of this extension.
RFMD's share repurchase program authorizes RFMD to repurchase shares from time to time through solicited or unsolicited transactions in the open market or in privately negotiated transactions. The number of shares to be purchased and the timing of the purchases will be based on market conditions and other factors. The program may be discontinued at any time.