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Technology Stocks : C-Cor Electronics-CCBL -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (194)	9/25/2000 4:37:51 PM
From: Jim Oravetz	Read Replies (1) \| Respond to of 235

C-Cor.net's (CCBL) board approved the repurchase of up to 2 million common shares. In a press release Monday, the company said it will make the purchases on the open market and in privately negotiated or other transactions. C-cor, which makes network distribution products for two-way hybrid fiber coaxial networks, will use its available capital to fund the purchases. The company has about 34 million diluted shares outstanding. C-cor had 1999 net income of $15.5 million, or 46 cents a diluted share, on sales of $281.1 million. C-cor closed Friday on the Nasdaq at $13.63 a share. I guess the BOD considers the shares a bargain at these prices. Jim