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Tech Industry

Short Take: VLSI to buy back stock

VLSI Technology is repurchasing up to 2 million shares of its common stock for its employee stock purchase and stock options plans. The company expects to spend between $25 million and $30 million on the buyback. The custom integrated circuit maker's board of directors authorized the repurchase of up to 3 million shares annually in 1996.

    VLSI Technology is repurchasing up to 2 million shares of its common stock for its employee stock purchase and stock options plans. The company expects to spend between $25 million and $30 million on the buyback. The custom integrated circuit maker's board of directors authorized the repurchase of up to 3 million shares annually in 1996.