CyberOptics Authorizes Share Repurchase.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--May 21, 2001 CyberOptics Corporation (Nasdaq:CYBE) today announced that its 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 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 500,000 shares of the Company's common stock. The Company has approximately 8.0 million shares outstanding. Under this authorization, shares would be repurchased from time to time in the open market or through negotiated transactions, depending upon market conditions and other factors. Repurchased shares will be utilized for employee compensation plans and other corporate purposes. CyberOptics Corporation, a recognized worldwide leader in optical technology, designs and manufactures a growing range of yield and through-put enhancement tools for the SMT (1) (Surface Mount Technology) See surface mount. (2) (Station ManagemenT) An FDDI network management protocol that provides direct management. Only one node requires the software. SMT - Station Management electronic assembly equipment and semiconductor fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. equipment markets. |
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