Cypress's Board of Directors Authorizes $600 Million Stock Buyback Program | Cypress Semiconductor
Cypress's Board of Directors Authorizes $600 Million Stock Buyback Program
“This stock buyback authorization reflects the board’s continued confidence in Cypress’s strategic direction, strong cash flow and ongoing commitment to maximizing shareholder value,” said
At the end of the third quarter,
Certain statements in this press release including, but not limited to, statements relating to the timing, extent and success of any stock repurchases, our ability to modify or suspend the program and our expectations of strategic direction, cash flow and shareholder value, are forward-looking statements that are subject to risks and uncertainties that could cause the results of the stock repurchase to be materially different than our expectations. Important factors that could cause our actual results to differ materially include: fluctuations in the market price of the company's common stock, regulatory, legal, and contractual requirements, the level of employee option grants and exercises and resulting dilution therefrom; and other market factors, including the state of and future of the global economy, business conditions and growth trends in the semiconductor market; as well as other factors detailed from time to time in the periodic reports Cypress files with the Securities and Exchange Commission. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and Cypress disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
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