Integrated Circuit Systems Announces Suspension of Acquisition Discussions
Categories: Integrated CircuitsHenry Boreen, chairman and chief executive officer, commented that “Our goal continues to be growing the Company’s business, but at the same time we intend to explore all available alternatives to maximize shareholder value.” -0-
Integrated Circuit Systems, Inc. is a manufacturer of integrated circuit products focusing on the design and marketing of mixed signal integrated circuits for frequency timing, multimedia and data communications applications. The Company is headquartered in Valley Forge, Pa., with a major facility in San Jose, Calif.
This news release discusses primarily historical information. Statements included in this release, to the extent they are forward looking, involve a number of risks anduncertainties related to competitive factors, technological developments and market demand. Further information on these and other potential factors that could affect the Company’s financial results can be found in the Company’s Form 10K for its fiscal year ended June 28, 1997.