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Skyworks Solutions retires $5 million of its 2007 convertible notes
By Marisa Wong
Milwaukee, Feb. 9 - Skyworks Solutions, Inc. used cash to retire some of its convertible notes and repurchase its common stock in the three-month period ended Jan. 1, according to a 10-Q filed with the Securities and Exchange Commission.
Skyworks retired $5 million of its 2007 convertible notes and reacquired the $2.6 million equity component of the convertibles.
The company repurchased $3.5 million of its common stock using cash from stock option exercises of $6.1 million.
Skyworks is a Woburn, Mass., maker of wireless and precision analog semiconductors.
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