Applied Signal Technology, Inc. Announces Common Stock Repurchase Program.SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 16, 1998--Applied Signal Technology, Inc. (Nasdaq:APSG APSG Antisymmetrized Product of Separated Geminals ) announced that the Company's Board of Directors has 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 Company to repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. from time to time at management's discretion up to 250,000 shares of its own common stock. Purchases shall be made on the open market or in privately negotiated transactions during the next 12 month period ending Oct. 31, 1999 at prevailing market prices. As of Oct. 31, 1998, the Company had approximately 8,586,000 shares of common stock outstanding. Purchases will be made using the Company's own cash resources. Shares repurchased will be retired and are intended to offset future issuances under the Company's current or future employee benefit plans or for other corporate purposes. Applied Signal Technology designs, develops, manufactures and markets advanced digital signal processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). equipment to collect and process a wide range of telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. signals for signal reconnaissance and industrial applications. For additional Company-related information, visit the Company's website at http://www.appsig.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion