SAN JOSE, Calif., Feb. 7 /PRNewswire-FirstCall/ -- DSP Group, Inc.
(Nasdaq: DSPG), a worldwide leader in developing and providing chip-set
solutions for residential wireless connectivity, announced today that in
light of the Company's strong cash position and its focus on shareholder
value it has entered into a share repurchase program for up to 5,000,000
shares of its common stock.
The Company's share repurchase program is in accordance with Rule
10b5-1 of the United States Securities Exchange Act of 1934 that is
designed to facilitate these purchases.
Under the repurchase program, share purchases may be made from time to
time depending on market conditions, share price, trading volume and other
factors, and such purchases will be made in accordance with applicable
insider trading and other securities laws and regulations.
About DSP Group
DSP Group, Inc. is a fabless semiconductor company, offering advanced
chip-set solutions for a variety of applications. DSP Group is a worldwide
leader in the short-range wireless communication market, enabling home
networking convergence for voice, video and data. By combining its in-house
technologies of Digital Signal Processors (DSPs), portfolio of wireless
communication protocols, including DECT, Bluetooth and Wi-Fi, most advanced
Radio Frequency CMOS and SiGe, as well as VoIP ICs, DSP Group is a
worldwide leader and a one-stop-shop for a wide range of applications.
These applications include ISM band digital 900MHz, 2.4GHz and 5.8GHz
telephony, European DECT (1.9GHz) telephony, Bluetooth systems for voice,
video and data communication and deployment in residential, SOHO, SME,
enterprise and automotive applications. DSP Group's ICs provide solutions
for MP3 players, VoIP Phones, Gateways, and Integrated Access Devices and
are widely used in Digital Voice Recorders. More information about DSP
Group is available at http://www.dspg.com.
For more information, please contact Ofer Elyakim, Vice President of
Business Development, DSP Group Inc. at (408) 240-6839; or e-mail:
ofere@dsp.co.il.
SOURCE DSP Group, Inc.
 back to top
Related links:
http://www.dspg.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20020715/SFM118LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Ofer Elyakim, Vice President of Business
Development of DSP Group Inc., +1-408-240-6839, ofere@dsp.co.il
|
