the 2009 Annual Report (pdf) - PLX Technology

PART II
ITEM 5: MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is traded on The NASDAQ Global Market and has been quoted on The NASDAQ Global
Market under the symbol "PLXT" since its initial public offering on April 5, 1999. The following table sets forth, for
the periods indicated, the range of quarterly high and low sales price for our common stock as reported on The
NASDAQ Global Market:
2009 High Low
First Quart er……………………………………………… $ 2.79 $ 1.45
Second Quart er…………………………………………… 4.40 2.21
T hird Quart er…………………………………………… 4.12 2.88
Fourt h Quart er…………………………………………… 3.73 2.99
2008 High Low
First Quart er……………………………………………… $ 9.56 $ 5.76
Second Quart er…………………………………………… 9.40 6.32
T hird Quart er…………………………………………… 7.65 4.50
Fourt h Quart er…………………………………………… 5.07 1.51
As of February 28, 2010, there were approximately 139 holders of record of our common stock and as of that
date, the last reported sales price of our common stock was $4.54.
We have never paid cash dividends on our common stock. We currently intend to retain earnings, if any, for use
in our business and do not anticipate paying any cash dividends in the foreseeable future. Any future declaration and
payment of dividends will be subject to the discretion of our Board of Directors, will be subject to applicable law and
will depend upon our results of operations, earnings, financial condition, contractual limitations, cash requirements,
future prospects and other factors deemed relevant by our Board of Directors.
Securities Authorized For Issuance Under Equity Compensation Plans
This information is incorporated herein by reference to the Company's Proxy Statement for the 2009 Annual
Meeting of Stockholders under the heading "Equity Compensation Plan Information."
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
In September 2002, our Board of Directors authorized the repurchase of up to 2,000,000 shares of common stock.
In July 2008, our Board of Directors authorized an additional 2,000,000 shares under the repurchase program. At the
discretion of the management, we can repurchase the shares from time to time in the open market or in privately
negotiated transactions. Approximately 774,000 shares were repurchased for approximately $1.9 million in cash in
2002 and 2003. We did not repurchase any additional shares from January 1, 2004 through December 31, 2007. In
2008, we repurchased 956,000 shares for approximately $6.5 million. We did not purchase any additional shares in
2009. As of December 31, 2009, under the Board’s repurchase authorization, we had the capacity to repurchase an
additional 2,269,000 shares.
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