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Technology Stocks : APSG - Applied Signal -- Ignore unavailable to you. Want to Upgrade?

To: Judith Weintraub who wrote (802)	5/22/1998 2:16:00 PM
From: Alan Bershtein	Read Replies (1) \| Respond to of 884

APSG Press Release dated 05.22.98 APSG Announces the Continuation of the Common Stock Repurchase Plan. Board of Directors has authorized repurchase of up to 250,000 shares of its own common stock. As of 04.30.98 APSG had 8,449,562 shares of common stock outstanding. The Company is initiating this buyback owing to the completion of the previously approved buyback. Purchase will be made using company's own cash. Shares repurchased are intended to offset employee benefit plans. Yancey "...believes that the share repurchase is prudent since nothing has changed in the Company's business, and the company has not changed its projections from the beginning of fiscal 1998. The Company is unaware of any fundamental change that would account for the recent stock activity."