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Strategies & Market Trends : Disciplined Investing, especially the NAIC way

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To: EL KABONG!!! who wrote (438)3/13/2004 4:09:08 PM
From: - with a K   of 469
 
FYI on UTSI: UTStarcom Announces Stock Repurchase Program
ALAMEDA, Calif., March 12 /PRNewswire-FirstCall/ -- UTStarcom, Inc. (Nasdaq: UTSI - News) today announced that its board of directors has approved a stock repurchase program pursuant to which up to 5,000,000 shares of its outstanding common stock may be repurchased over a period of six months. In addition, as also approved by the board of directors, the Company repurchased an additional 1,623,000 shares in a privately negotiated transaction with an institution.

biz.yahoo.com
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