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Skyworks Authorizes Repurchase of $200 million in Common Stock

The timing and amount of any shares repurchased will be determined by the company's management based on its evaluation of market conditions and other factors.

Skyworks has announced that its Board of Directors has authorized the repurchase of up to $200 million of the company's common stock from time to time on the open market or in privately negotiated transactions.

The timing and amount of any shares repurchased will be determined by the company's management based on its evaluation of market conditions and other factors. The repurchase program may be suspended or discontinued at any time. Any repurchased shares will be available for use in connection with its stock plans and for other corporate purposes.

The repurchase program will be funded using the company's working capital. As of July 2, 2010, the company had cash, cash equivalents and temporary investments of approximately $390 million.

Skyworks is an innovator of high reliability analog and mixed signal III-V semiconductor products and has a broad range of end markets.
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