Aeroflex Incorporated Board of Directors Authorizes Additional 1,000,000 Common Share Repurchase.PLAINVIEW, N.Y.--(BUSINESS WIRE)--Nov. 2, 1999-- Aeroflex Incorporated (NYSE NYSE See: New York Stock Exchange : ARX) announced today that its Board of Directors authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: the purchase of an additional 1,000,000 shares of Aeroflex common stock. There is remaining authorization to purchase approximately 560,000 shares of common stock under a previously announced program bringing the total authorization to approximately 1,560,000 common shares. Purchases will be made from time to time, depending upon market conditions, at prices deemed appropriate by management. Aeroflex Incorporated, through its subsidiaries, utilizes advanced technologies to provide state-of-the-art microelectronic module, integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for , interconnect and testing solutions used in communication applications for commercial and defense markets. It also designs and manufactures motion control systems and shock and vibration isolation Vibration isolation is the process of isolating an object, such as a piece of equipment, from the source of vibrations. Despite construction distinctions the essence of all vibration isolation systems are similar. systems used for commercial, industrial and defense applications. |
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