SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): JANUARY 18, 1996
INTEGRATED DEVICE TECHNOLOGY, INC.
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(Exact name of Registrant as specified in its charter)
DELAWARE
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(State or other jurisdiction of incorporation)
0-12695 94-2669985
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(Commission (IRS Employer
File Number) Identification No.)
2975 STENDER WAY, SANTA CLARA, CALIFORNIA 95054
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(Address of principal executive offices) (Zip code)
(408) 727-6116
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(Registrant's telephone number, including area code)
NOT APPLICABLE
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(Former name or former address, if changed since last report)
ITEM 5: OTHER EVENTS.
On January 23, 1996, Integrated Device Technology, Inc., a Delaware
corporation ("Registrant"), issued a press release as follows:
IDT REPURCHASES $15 MILLION OF ITS
CONVERTIBLE SUBORDINATED NOTES
SANTA CLARA, Calif., January 23, 1996 Integrated Device Technology, Inc. (IDT)
(NASDAQ: IDTI) today announced the repurchase of approximately $15 million of
its 5-1/2 percent Convertible Subordinated Notes due 2002 at a price of
approximately $790 per bond. The Company may consider additional purchases in
the future.
The retirement of $15 million in debt at a cost of approximately $12
million would result in a favorable effect on IDT's fourth quarter and fiscal
1996 results of operations. The impact, net of tax, will be recorded as an
extraordinary item in IDT's financial statements. Additionally, the underlying
common stock equivalents will be reduced in all future earnings per share
calculations, when calculated on a fully diluted basis.
ABOUT IDT
Integrated Device Technology, Inc. (IDT) designs, manufactures, and
markets CMOS VLSI integrated circuits (ICs) for a range of growth markets,
including desktop computer, workstation/server, data communications and office
automation. IDT offers products in four key areas: high-speed SRAMs, RISC
microprocessors, specialty memories, and high-performance logic. The company's
product areas are synergistic and provide solutions that optimize the cost and
performance of microprocessor-based systems. Headquartered in Santa Clara,
Calif., IDT employs approximately 3,875 people worldwide.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INTEGRATED DEVICE TECHNOLOGY, INC.
Date: January 26, 1996 By: /s/ Jack Menache
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Jack Menache
Vice President, General Counsel
and Secretary