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RF Micro buys back 10% of its 2010 convertible debt
By Devika Patel
Knoxville, Tenn., Dec. 4 - RF Micro Devices Inc. said that it has purchased about $23 million, or 10%, of its 2010 convertible debt and continues to have approximately $50 million available and authorized for common stock repurchases under its existing share repurchase program.
The company said it may make additional purchases of its convertible debt from time to time in the open market.
RF Micro designs and manufactures high-performance radio systems and solutions for mobile communications. The company is based in Greensboro, N.C.
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