To: Curlton Latts who wrote (11085 ) 12/6/1997 9:58:00 AM From: TideGlider Read Replies (1) | Respond to of 25960
DIIG and UTR two of several smaller tech companies announcing a buyback of stock: Friday December 5, 6:19 pm Eastern Time DII Group to buy back up to 1 mln shrs NIWOT, Colo., Dec 5 (Reuters) - DII Group Inc said Friday that it plans to buy back up to one million shares of its common stock. The purchases are to be made from time to time in open market transactions or through privately negotiated transactions. The company said it anticipates that such purchases could occur over an extended period of time. There are about 25.4 million outstanding shares of DII Group common stock and about 31.3 million weighted average outstanding shares and equivalents of DII Group common stock. More Quotes and News: DII Group Inc (Nasdaq:DIIG - news) Related News Categories: US Market News, computers Company Press Release Unitrode Board Authorizes Program to Purchase Up to One Million Shares of its Common Stock MERRIMACK, N.H.--(BUSINESS WIRE)--Nov. 17,1997--Unitrode Corporation (NYSE:UTR - news), a manufacturer of analog/linear and mixed signal integrated circuits, today announced that its Board of Directors has authorized the repurchase of up to one million shares of its Common Stock. It is expected that the Company will repurchase the shares from time to time in the open market. Whether any such repurchases will be made, and the number of shares purchased, will depend upon the availability of shares at acceptable price levels. Effective October 6, 1997, Unitrode issued a two-for-one stock split; as of November 1, 1997, the Company had approximately 24.2 million shares outstanding. Unitrode designs and manufactures analog/linear integrated circuits, principally to perform power management, motion control, and interface functions. Its products are sold throughout the world for a variety of computer, tele- and data-communications, defense/aerospace, industrial, and automotive applications. Further information about Unitrode may be found at the Company's homepage site: unitrode.com