SAN JOSE, Calif., May 16, 2016 /PRNewswire/ -- Xilinx, Inc.
(Nasdaq: XLNX) today announced that its Board of Directors has
authorized the repurchase of up to an aggregate $1 billion of the Company's debt and equity
securities. In the past five years, the Company has
repurchased approximately 43 million shares of common stock for
approximately $1.8 billion.
Timing of repurchases and exact number of shares of common stock to
be purchased will depend upon prevailing market conditions and
other factors.
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"Over the past 10 years, Xilinx has returned 100% of operating
cash flow to stockholders through a combination of dividend and
repurchase," said Moshe Gavrielov,
Xilinx President and Chief Executive Officer. "Our repurchase
authorization signals a high level of confidence in Xilinx's growth
prospects as well as in our continued ability to consistently
generate healthy operating cash flow."
This release contains forward-looking statements and
projections. Forward-looking statements and projections can often
be identified by the use of forward-looking words such as "expect,"
"believe," "may," "will," "could," "anticipate," "estimate,"
"continue," "plan," "intend," "project" or other similar
expressions. Statements that refer to or are based on
projections, uncertain events or assumptions also identify
forward-looking statements. Such forward looking statements
include, but are not limited to, statements related to the
semiconductor market, the growth and acceptance of our products,
expected revenue growth, the demand and growth in the markets we
serve and opportunity for expansion into new markets. Undue
reliance should not be placed on such forward-looking statements
and projections, which speak only as of the date they are made. We
undertake no obligation to update such forward-looking
statements. Actual events and results may differ materially
from those in the forward-looking statements and are subject to
risks and uncertainties including customer acceptance of our new
products, current global economic conditions, the health of our
customers and the end markets in which they participate, our
ability to forecast end customer demand, a high dependence on turns
business, our ability to continue to generate healthy operating
cash flow, and other risk factors listed in our most recent Forms
10-Q and 10-K.
About Xilinx
Xilinx is the leading provider of All Programmable FPGAs, SoCs,
MPSoCs, and 3D ICs. Xilinx uniquely enables applications that are
both software defined and hardware optimized – powering industry
advancements in Cloud Computing, Embedded Vision, Industrial IoT,
and 5G Wireless. For more information, visit www.xilinx.com.
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Xilinx, the Xilinx logo, Artix, ISE, Kintex, Spartan, Virtex,
Zynq, Vivado, and other designated brands included herein are
trademarks of Xilinx in the United
States and other countries. All other trademarks are the
property of their respective owners.
XLNX-F
Investor Relations Contact:
Lori Owen
Xilinx, Inc.
(408) 879-6911
lorio@xilinx.com
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SOURCE Xilinx, Inc.