Lattice Semiconductor Announces Stock Repurchase Program
February 24 2020 - 6:00AM
Business Wire
Lattice Semiconductor (NASDAQ: LSCC), the low power programmable
leader, today announced that its Board of Directors has authorized
the Company to repurchase up to $40 million of its outstanding
common stock over the next twelve months.
Sherri Luther, Chief Financial Officer, said, "This share
repurchase program reflects the financial strength of our business
and reinforces our commitment to building shareholder value.”
Under the program, Lattice may purchase shares of its common
stock through open market and privately negotiated transactions at
prices deemed appropriate by management. The timing and amount of
repurchase transactions under this program will depend on market
conditions, share price, corporate and regulatory considerations
and other factors. The Company intends to conduct the program in
compliance with Rule 10b-18 of the Securities Exchange Act of 1934,
as amended. The repurchase program may be suspended or discontinued
by the Company at any time.
Forward-Looking Statements Notice:
The foregoing paragraphs contain forward-looking statements that
involve estimates, assumptions, risks and uncertainties. Any
statements about our expectations, beliefs, plans, objectives,
assumptions or future events or performance are not historical
facts and may be forward-looking. Such forward-looking statements
include, but are not limited to, statements relating to: the amount
of our outstanding capital stock we plan to or will purchase under
the repurchase program. Other forward-looking statements may be
indicated by words such as “will,” “could,” “should,” “would,”
“may,” “expect,” “plan,” “project,” “anticipate,” “intend,”
“forecast,” “future,” “believe,” “estimate,” “predict,” “propose,”
“potential,” “continue” or the negative of these terms or other
comparable terminology.
Actual results may differ materially from our expectations and
are subject to risks and uncertainties that relate more broadly to
our overall business, including those risks more fully described in
Lattice’s filings with the SEC including its Annual Report on Form
10-K for the fiscal year ended December 29, 2018, and Lattice’s
quarterly reports filed on Form 10-Q. Lattice believes these and
other risks and uncertainties could cause actual results to differ
materially from the forward-looking statements. You should not
unduly rely on forward-looking statements because actual results
could differ materially from those expressed in any forward-looking
statements. In addition, any forward-looking statement applies only
as of the date on which it is made. The Company does not intend to
update or revise any forward-looking statements, whether as a
result of events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.
About Lattice Semiconductor
Lattice Semiconductor (NASDAQ: LSCC) is the low power
programmable leader. We solve customer problems across the network,
from the Edge to the Cloud, in the growing communications,
computing, industrial, automotive and consumer markets. Our
technology, long-standing relationships, and commitment to
world-class support lets our customers quickly and easily unleash
their innovation to create a smart, secure and connected world.
For more information about Lattice, please visit
www.latticesemi.com. You can also follow us via LinkedIn, Twitter,
Facebook, YouTube, WeChat, Weibo or Youku.
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version on businesswire.com: https://www.businesswire.com/news/home/20200224005277/en/
MEDIA: Bob Nelson Lattice Semiconductor
Corporation 408-826-6339 Bob.Nelson@latticesemi.com
INVESTORS: Rick Muscha Lattice Semiconductor
Corporation 408-826-6000
Rick.Muscha@latticesemi.com
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