Market Overview

Fairchild Semiconductor Announces $100M Share Buyback Program

Fairchild Semiconductor (NASDAQ: FCS) announced today that its Board of Directors has
authorized the repurchase of up to $100 million of the company's common
stock. Fairchild will repurchase shares from time to time in the open
market or in privately negotiated transactions.

“We are excited to initiate this enhanced share repurchase program as an
efficient method to return excess cash to our shareholders,” said Mark
Thompson, Fairchild's chairman and CEO. “Fairchild has consistently
reduced debt and strengthened its balance sheet during the last five
years. We completed a significant investment cycle to increase our 8
inch wafer fabrication capabilities last year and now expect lower
capital spending

See full press release

Posted-In: News Guidance Dividends Contracts Buybacks Management Global

 

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