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Index Appears at Page 5.
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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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) March 15, 1999
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UNITRODE CORPORATION
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(Exact Name of Registrant as Specified in Its Charter)
Maryland 1-5609
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(State or Other Jurisdiction of (Commission
Incorporation or Organization) File Number)
04-2271186
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(I.R.S. Employer Identification No.)
7 Continental Boulevard, Merrimack, New Hampshire 03054
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (603) 424-2410
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(Former name or former address, if changed since last report)
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Item 5. Other Materially Important Events.
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On March 16, 1999, the registrant announced that, effective March 15,
1999, its Board of Directors authorized the repurchase of up to one million
shares of the registrants's common stock from time to time in the open market. A
copy of the press release issued in connection with such announcement is
attached hereto as Exhibit 99 and is hereby incorporated by reference.
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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Exhibit 99. Form of press release dated March 16, 1999.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Unitrode Corporation
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(Registrant)
Date: March 15, 1999 By /s/ Allan R. Campbell
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Senior Vice President
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Exhibit Index
Exhibit No. Description Page
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99 Form of press release 6
dated March 16, 1999
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Exhibit 99
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For further information, please contact:
S. Kelley MacDonald, Vice President,
Corporate Communications,
Unitrode Corporation,
7 Continental Boulevard
Merrimack, NH 03054
(603) 429-8767
e-mail: [email protected]
UNITRODE BOARD AUTHORIZES PROGRAM TO REPURCHASE
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UP TO ONE MILLION SHARES OF ITS COMMON STOCK
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Merrimack, NH (March 16, 1999) -- Unitrode Corporation (NYSE--UTR), a
manufacturer of analog/linear and mixed-signal integrated circuits, modules, and
non-volatile products, today announced that its Board of Directors has
authorized the repurchase of up to one million shares of its Common Stock. It is
expected that the Company will repurchase the shares from time to time in the
open market. As of January 31, 1999, the Company has approximately 32.0 million
shares outstanding.
Last week, Unitrode reported fiscal year 1999 net income, excluding special
items, of $18.2 million, or $.56 per share, on net revenues of $157.8 million.
The Company commented that the fourth quarter represented the third consecutive
quarter-on-quarter of modest improvement in revenues and of double-digit growth
in net income. Unitrode noted that fourth-quarter orders, which had strengthened
across all market segments, exceeded shipments.
Unitrode designs and manufactures analog/linear and mixed-signal integrated
circuits, modules, and non-volatile products, principally to perform power
management, portable power, and interface functions. Its products, branded under
Unitrode and Benchmarq, are sold throughout the world for a variety of computer,
tele- and data-communications, defense/aerospace, industrial, and
automotive applications. Further information about Unitrode may be
found at the Company's homepage site: http://www.unitrode.com.
(END)
