copied this from their filing with edgar..http://quote.yahoo.com
at least now I feel updated...don't know if you saw this or not..
"
In April 1997, the Company's Board of Directors adopted a program to repurchase from time to time at management's
discretion up to 1,000,000 shares of the Company's common stock on the open market during the 12-month period ending
April 30, 1998 at prevailing market prices. Repurchases were made under the program using the Company's cash resources.
Shares repurchased are available for the issuance under the Company's stock plans and for other corporate purposes. In the
third quarter of 1997, a total of 708,500 shares were repurchased at prices ranging from $8.38 to $12.00 per share for a total
purchase price of $7.3 million. Through September 30, 1997, the repurchase program was completed with an aggregate of
1,000,000 shares repurchased at prices ranging from $8.38 to $12.00 per share for a total purchase price of $10.7 million.
In November 1997, the Company's Board of Directors adopted an additional program to repurchase from time to time at
management's discretion up to 1,000,000 shares of the Company's common stock on the open market during the 12 month
period ending October 31, 1998 at prevailing market prices.
As of September 30, 1997, the Company had combined cash and equivalents and short-term investments totaling $37.4 million,
with no significant debt. The Company believes that its existing sources of liquidity, including cash generated from operations,
will be sufficient to meet operating cash requirements and capital lease repayment obligations at least through the next twelve
months. " |
