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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: John J H Kim who wrote (9884)	6/1/1998 10:40:00 PM
From: Leman	Read Replies (1) \| Respond to of 120523

this co only has 1.7 mil shares and is buying back 10% DSP Technology Announces Repurchase of Up to 10% of the Company's Outstanding Shares FREMONT, Calif.--(BUSINESS WIRE)--May 28, 1998--DSP Technology Inc. (NASDAQ:DSPT - news) announced today that its Board of Directors has authorized the repurchase of up to 225,000 shares, which is approximately 10% of its outstanding common shares, in open market transactions. The company said that purchases under this program will be made in amounts and at times and prices to be determined by management. No time limit has been set for completion of the program. ''Under current market conditions, we have the opportunity to buy back our shares at what we believe are attractive prices. Our strong cash position allows us to implement this repurchase program without adversely affecting DSPT's internal investment plans,'' said president F. Gil Troutman. Troutman noted that the company plans to use the shares acquired for various corporate purposes, including stock option exercises and the funding of future acquisitions. DSP Technology Inc. is a world leader in the design and manufacture of high speed, computer automated, measurement and control instrumentation and systems. This press release contains forward-looking statements concerning expected future sales and earnings for DSPT. All forward-looking statements are subject to risk and actual results could differ materially from those projected in the forward-looking statements as a result of many factors. These factors include the mix of products sold, competition, timing of receipt of major system orders, ability to successfully manage system integration projects, availability of components, recruitment and retention of key technical personnel and economic conditions. Further information concerning factors which may affect DSPT's performance is provided in DSPT's reports filed with the Securities Exchange Commiss