Signal Technology (now STCO)- a classic turnaround Message Board

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Technology Stocks : Signal Technology (now STCO)- a classic turnaround

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Nov 7 9:30 AM EST

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To: Paul Lee who wrote ()	12/22/1997 7:50:00 AM
From: Paul Lee	Read Replies (1) of 191

it's about time Signal Technology Authorizes Stock Repurchase Program SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 22, 1997--Signal Technology Corp. (AMEX:STZ) Monday announced that its board of directors has authorized a stock repurchase program by which the company may acquire up to $2 million of its common stock in private and open markets, or in negotiated transactions, through July 31, 1998. Under the program, purchases may be made depending on market conditions, share price and other factors. As of Dec. 19, 1997, Signal Technology had approximately 7.3 million shares of common stock outstanding at a price per share of $5.125. Commenting on the announcement, Dale L. Peterson, Signal Technology's chairman and chief executive officer, said: "The current market environment and our stock price helped spur this decision to initiate a repurchase program. We believe this program is one way we can impact the liquidity of Signal Technology's stock and, ultimately, raise shareholder value."

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