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Short Take: Xilinx to buy back $250 million in stock

Xilinx, which makes programmable computer chips, announced Thursday that its board of directors has authorized repurchasing of up to $250 million of its common stock in the open market. "This extension of our stock repurchase program reflects our belief that Xilinx stock remains an attractive long-term investment," said the company's chief financial officer, Kris Chellam. The San Jose, Calif.-based company has already completed a $200 million share repurchase that the board approved in June.

Xilinx, which makes programmable computer chips, announced Thursday that its board of directors has authorized repurchasing of up to $250 million of its common stock in the open market. "This extension of our stock repurchase program reflects our belief that Xilinx stock remains an attractive long-term investment," said the company's chief financial officer, Kris Chellam. The San Jose, Calif.-based company has already completed a $200 million share repurchase that the board approved in June.