DSP Group Inc. to Purchase up to 1,000,000 of Its Common Stock
SANTA CLARA, CALIFORNIA - January 27, 1998 - DSP Group, Inc. (NASDAQ: DSPG) today announced that its board of directors has authorized management to repurchase up to 1,000,000 shares of its common stock, which represent approximately 10% of the total outstanding shares of the company.
The repurchase will be made from time to time at the management's discretion in the open-market and privately negotiated transactions.
The buyback program is designed to offset the effect of future share issuance related to employee stock purchase program and option grants .
DSP Group Inc. is a leader in the development and marketing of high-performance, cost-effective, Digital Signal Processing (DSP) cores and integrated solutions for the consumer telephony and computer telephony market. By combining three key technologies -- digital signal processing, speech processing algorithms and telephony algorithms -- the Company is delivering a wide range of enabling application-specific DSPs to these markets.
NOTE: TrueSpeech, True Full Duplex Speakerphone, FlexiSpeech and Triple Rate Coder are registered trademarks of DSP Group, Inc. All other products or service names mentioned herein are trademarks of their respective owners. TrueSpeech is a registered trademark of DSP Group, Inc.
Dir. Investor Relations
DSP Group, Inc.