SANTA CLARA, Calif., Nov. 27 /PRNewswire-FirstCall/ -- DSP Group, Inc.
(Nasdaq: DSPG), a worldwide leader in developing and providing chip-set
solutions for residential wireless connectivity, announced today that it
had repurchased 995,000 shares of its Common Stock during the past five
weeks, at an average price of $21.49 per share, for an aggregate price of
approximately $21.4 million.
After giving effect to the most recent repurchases, approximately 0.8
million shares of the Company's Common Stock remain authorized for
repurchase under the current repurchase program approved by the Company's
board of directors.
Under the repurchase program, share purchases may be made from time to
time depending on market conditions, share price, trading volume, the
Company's cash needs and other business factors, and such purchases will be
made in accordance with the requirements of the Securities and Exchange
Commission.
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 & 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,
data and video communication and deployment in residential, SOHO, SME,
enterprise and automotive applications. DSP Group 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, Director of Investor
Relations & Business Development, DSP Group Inc. at (408) 986-4421; or
e-mail: ofere@dsp.co.il
SOURCE DSP Group, Inc.
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Related links:
http://www.dspg.com
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CONTACT:
Ofer Elyakim, Director of Investor Relations
& Business Development of DSP Group Inc., +1-408-986-4421 or
ofere@dsp.co.il
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