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Together with Pixelworks' repurchases on August 6, and a "modified Dutch auction" tender offer completed in March, Pixelworks has repurchased around $79.4 million of its outstanding debentures in 2008 at purchase prices ranging from 70 to 74 percent of face value.
The company said that the repurchases have reduced Pixelworks' long-term debt from $140.0 million at the beginning of the year to around $60.6 million.
Tualatin, Oregon-based Pixelworks is a designer, developer and marketer of video and pixel processing technology semiconductors and software for digital video applications. The company maintains design centers in Shanghai and San Jose, California, and serves manufacturers of consumer electronics and professional displays worldwide.
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