SAN JOSE, Calif., March 2, /PRNewswire-FirstCall/ -- CEVA, Inc. ], a leading licensor of silicon intellectual property (SIP) platform solutions and DSP cores for the handset, consumer electronics and portable device markets, today announced that it adopted another share repurchase plan in accordance with Rule 10b5-1 of the United States Securities Exchange Act of 1934, as amended, on February 27, 2009. The plan, effective as of March 1, 2009, allows the Company to repurchase up to approximately 196,000 shares of its common stock. The shares subject to the plan represent the remaining shares authorized by the Company's board of directors for repurchase under the Company's share repurchase program.
About CEVA, Inc.
Headquartered in San Jose, Calif., CEVA is a leading licensor of silicon intellectual property (SIP) DSP Cores and platform solutions for the mobile handset, portable and consumer electronics markets. CEVA's IP portfolio includes comprehensive solutions for multimedia, audio, voice over packet (VoP), Bluetooth and Serial ATA (SATA), and a wide range of programmable DSP cores and subsystems with different price/performance metrics serving multiple markets. In 2008, CEVA's IP was shipped in over 300 million devices. For more information, visit www.ceva-dsp.com.
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SOURCE: CEVA, Inc.
Web site: http://www.ceva-dsp.com/