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INTERPHASE ANNOUNCES STOCK REPURCHASE PROGRAM

 INTERPHASE ANNOUNCES STOCK REPURCHASE PROGRAM
 DALLAS, June 26 /PRNewswire/ -- Interphase Corporation


(NASDAQ: INPH) today announced that its board of directors has approved a program authorizing the company to repurchase shares of the company's outstanding common stock in open market or privately negotiated transactions from time to time at prices that the company's management deems appropriate.
 Management stated that it believes the company's stock is undervalued at current market prices and that this program demonstrates commitment to maximize shareholder value. The program approved by the company's board of directors does not specify the number of shares to be repurchased, if any, or the price to be paid.
 Interphase Corporation, based in Dallas, is a leading supplier of high-performance networking solutions and peripheral controllers for open systems. The company sells to computer OEMs, systems integrators, Value Added Resellers, and end users through a worldwide sales and service network.
 -0- 6/26/92
 /CONTACT: Michael E. Cope of Interphase, 214-919-9000/
 (INPH) CO: Interphase Corporation ST: Texas IN: CPR SU:


CK -- NY037 -- 4194 06/26/92 11:50 EDT
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Publication:PR Newswire
Date:Jun 26, 1992
Words:175
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