Del Global Technologies Corp. Announces an Increase in Its Common Stock Buy-Back Program.VALHALLA, N.Y.--(BUSINESS WIRE)--Sept. 8, 1999-- Del Global Technologies Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DGTC) today announced an increase in its common stock buy-back program under which the Company intends to purchase up to an additional $2,000,000 of its common stock. The Company has purchased to date approximately $3,500,000 of its common stock under its existing $4,500,000 common stock buy-back program. The stock purchases will be made from time to time, depending on market conditions, in the open market, and in privately negotiated transactions. The Company currently has approximately 7.8 million shares outstanding. Del Global Technologies Corp. is primarily engaged in the design, manufacture and marketing of state-of-the-art, cost-effective medical imaging and diagnostic systems consisting of stationary Stationary can mean:
1. the act of holding back or checking. 2. sudden stoppage of a secretion, excretion, or normal discharge. 3. subsystems, analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. instrumentation, semiconductor capital equipment and energy exploration. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Such statements involve various risks that may cause actual results to differ materially. These risks include, but are not limited to, the ability of the Company to grow internally or by acquisition and to integrate acquired businesses, changing industry and competitive conditions, and other risks referred to in the Company's registration statements and periodic reports filed with the Securities & Exchange Commission. |
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