To: coopie who wrote (213 ) 12/17/1997 4:42:00 PM From: HeyRainier Respond to of 765
Here's a news release today that explains today's actions, and would most definitely reflect the sentiments I bear towards the report I received from management today: Wednesday December 17, 4:04 pm Eastern Time Company Press Release SOURCE: Equinox Systems Inc. Equinox Proceeds With Stock Buyback SUNRISE, Fla., Dec. 17 /PRNewswire/ -- Equinox Systems Inc. (Nasdaq: EQNX - news) announced that it repurchased 100,000 shares of its stock today. Bill Dambrackas, Equinox President and founder, commented, ''With the strong growth that Equinox has continued to demonstrate and our optimistic outlook for the future, we continue to believe that our shares are undervalued. ''To date, we've repurchased 547,600 shares under the one million share repurchase program authorized in March of this year.'' Equinox, with headquarters in Sunrise, Florida, designs and markets server-based communications products for remote access and commercial connectivity. Their products are available world-wide through leading distributors, systems integrators and VARs. OEM customers who have selected Equinox for their I/O needs include Hewlett Packard, AT&T, NCR and Unisys. Further information is available at equinox.com . The forward-looking statements included above are based on current expectations, however actual results may differ materially due to risks and uncertainties including: changes in business or economic conditions, competition, product shortages, and the risk factors listed in the reports that Equinox files with the Securities and Exchange Commission, including the most recent Form 10-Q filed in October 1997. SOURCE: Equinox Systems Inc. ----- I'm away from my desk right now and do not have the notes I took from my conversation. I have an appointment due with the head of research at Ragen MacKenzie in a few minutes. I will post the details of my conversation with EQNX management tonight. 'tis the season....: ) Regards, Rainier