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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