SAN JOSE, CA, SEPTEMBER 16, 1998 -- Xilinx, Inc. (NASDAQ:XLNX) today announced that its Board of Directors has authorized a stock repurchase program whereby up to 3,000,000 shares of its common stock may be purchased in the open market from time to time as market and business conditions warrant.
"We believe Xilinx stock continues to represent an attractive long term investment," said the company's chief financial officer, Kris Chellam. "After the completion of our last share repurchase program that we approved on April 23, 1998, we determined that authorizing an additional program was an excellent way to demonstrate our continued commitment to increasing shareholder value."
Copies of financial literature, including this release, are available
via fax or voice recording by dialing Xilinx's shareholder service line
at 1-800-836-4002. Investor information is also available on the Investor
Relations Web site at www.investor.xilinx.com.
Xilinx is the leading innovator of complete programmable logic solutions,
including advanced
integrated circuits, software design tools, predefined system functions
delivered as cores, and
unparalleled field engineering support. Founded in 1984 and headquartered
in San Jose, Calif.,
Xilinx invented the field programmable gate array (FPGA) and commands
more than half of the
world market for these devices today. Xilinx solutions enable customers
to significantly reduce the time required to develop products for the computer,
peripheral, telecommunications, networking, industrial control, instrumentation,
high-reliability/military, and consumer markets. For more information,
visit the Xilinx Web site at www.xilinx.com.
Xilinx is a registered trademark of Xilinx, Inc. Other brands or product names are trademarks or registered trademarks of their respective owners.