SAN JOSE, Calif., Oct. 23, 2007 (PRIME NEWSWIRE) -- Integrated Silicon Solution, Inc. (Nasdaq:ISSI) today announced that its Board of Directors has authorized the Company to repurchase up to $30 million of its stock. The stock repurchases will be conducted under Rule 10b-18 under the Securities Exchange Act of 1934 and will be made through programs, including company stock purchase plans under Rule 10b5-1, through brokers or in privately-negotiated transactions with nonaffiliated stockholders.
About the Company
ISSI is a fabless semiconductor company that designs and markets high performance integrated circuits for the following key markets: (i) digital consumer electronics, (ii) networking, (iii) mobile communications and (iv) automotive electronics. The Company's primary products are high speed and low power SRAM and low and medium density DRAM. The Company also designs and markets EEPROM, SmartCards and is developing selected non-memory products focused on its key markets. ISSI is headquartered in Silicon Valley with worldwide offices in China, Europe, Hong Kong, India, Korea and Taiwan. ISSI's web site is at www.issi.com.
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Forward-Looking Statements
This news release contains forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements concerning our planned stock repurchase processes and programs are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks and uncertainties include stock price volatility, the Company's business conditions and cash balances, the effect of economic conditions and interest rates, and other risks listed from time to time in the Company's filings with the Securities and Exchange Commission, including the Company's Form 10-Q for the period ended June 30, 2007. The Company assumes no obligation to update or revise the forward-looking statements in this release because of new information, future events, or otherwise.