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Electronic Engineering News Digest |
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Toshiba develops cost competitive MEMS packaging technologies--Achieving world’s thinnest multi-chip MEMS package with control IC-- TOKYO--Toshiba Corporation today announced two optimized packaging technologies for micro electro-mechanical systems (MEMS) semiconductor packages that achieve significant cost reductions. [Read more...] |
DURHAM, N.C., MAY 15, 2008 – Cree, Inc. (Nasdaq: CREE), a market-leading innovator of lighting-class LEDs, LED lighting retrofit solutions, and semiconductor solutions for backlighting, wireless and power applications, today announced that its board of directors approved the extension of the company’s stock repurchase program through the fiscal year ending June 28, 2009. The board also approved an increase in the number of shares the company is authorized to repurchase under the program. As of May 15, 2008, the company is authorized to repurchase up to 5,000,000 shares. The company has repurchased 1,567,500 shares during the current quarter.
Cree expects to use available cash to finance purchases under the program. The program can be implemented through open market or privately negotiated transactions at the discretion of the company’s management. The company will continue to determine the time and extent of any repurchases based on its evaluation of market conditions and other factors.
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