RADN - Radyne Comstream Message Board

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Microcap & Penny Stocks : RADN - Radyne Comstream

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To: QuietWon who started this subject	6/8/2004 12:48:30 AM
From: VIXandMore	Read Replies (1) of 112

Radyne ComStream Board Authorizes up to $10 Million Stock Repurchase PHOENIX, June 7 /PRNewswire-FirstCall/ -- Radyne ComStream Inc. (Nasdaq: RADN; RADNW), today announced that the Company plans to repurchase up to $10 million of the Company's common stock. At current prices, the repurchase program could include as much as 7% of the currently available shares. The repurchase program, which was approved by the Company's Board of Directors, directs the Officers of the Company to purchase shares of the common stock on the open market from time to time, as the officers deem appropriate, and to retire the shares purchased under the program. The program will be financed with cash on hand. "We are implementing this repurchase plan in light of the recent decline in the market value of our shares, which we believe presents a good investment opportunity for us," said Bob Fitting, CEO. "This program should enhance shareholder value by supporting our earnings per share."

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