CYBEROPTICS AUTHORIZES SHARE REPURCHASE.MINNEAPOLIS--(BUSINESS WIRE)--Dec. 23, 1996--CyberOptics announced today that its board has approved the 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. of up to an additional 500,000 shares of CyberOptics' common stock. In November 1996, the Company completed the purchase of 500,000 shares pursuant to prior board authorization The right or permission to use a system resource; the process of granting access. See access control. . The additional shares will be repurchased from time to time in the open market or through negotiated transactions, the Company said. CyberOptics has approximately 5.2 million shares outstanding. Repurchased shares will be utilized for employee compensation plans and other corporate purposes, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dr. Steven Case, President. A worldwide leader in the field of non-contact process control and measurement, CyberOptics designs, manufactures and markets intelligent sensors An intelligent sensor takes some predefined action when it senses the appropriate input (light, heat, sound, motion, touch, etc.). Description The sensor has to do the following tasks:
CONTACT: CyberOptics Corporation Jack Beagan V.P. Operations & Acting CFO See Chief Financial Officer. or Scott Larson Controller 612/542-5000 FAX 612/542-5103 |
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