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Tech Industry

Short Take: VLSI buys stock

Chip maker VLSI Technology has repurchased 1.1 million shares of the company's common stock during the past ten days under a program authorized by its board of directors in 1996. During the ten-day period, the company's stock has dropped 37 percent, to 19-7/8 from 31-7/16.

Chip maker VLSI Technology has repurchased 1.1 million shares of the company's common stock during the past ten days under a program authorized by its board of directors in 1996. During the ten-day period, the company's stock has dropped 37 percent, to 19-7/8 from 31-7/16.